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Uber and Careem to Partner?

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dwayneJR
70
 Posted 4 years, 3 months ago

Uber Technologies Inc. and Careem Networks FZ are in preliminary talks to combine their Middle Eastern ride-hailing services, hoping to resolve a costly rivalry as Uber prepares for a public offering next year, according to three people familiar with the matter.

https://www.bloomberg.com/news/articles/2018-07-03/uber-is-said-to-be-in-talks-with-careem-to-merge-in-middle-east

Comments

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    EllaOfCinder
    206 Rider
     4 years ago

    Uber of Middle East joins Uber, huh.

    Careem is dominant in the Middle East.  I am curious if this will be a precedence for how Uber will attempt to handle 99, Didi, Ola, Grab, etc.

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    ce
    58 Rider
     4 years ago

    Uber spends so much time trying to dominate the world that they are not realizing that Lyft is seriously gaining on them in the US. In the end they may lose out both domestically and internationally as they just tried to bite off way more than they can chew.

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    dShaperoMDM
    112
     4 years ago

    Makes sense.  Uber cleaning up their balance sheet.  Time to consolidate, streamline, cut the fat, etc.  Gotta look pretty.

    Uber's world dominance sure did fizzle fast.