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Uber to Seal $3.1 Billion Deal to Buy Careem This Week

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himfu
64 Rider
 Posted 3 years, 4 months ago

Uber is set to announce a $3.1 billion cash-and-share deal to acquire its Dubai-based rival Careem as early as this week! According to Bloomberg, the U.S. ride-hailing giant will pay $1.4 billion in cash and $1.7 billion in convertible notes for Careem.

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    GarretCarrot
    36 Rider
     3 years ago

    Bet: in 5 years Uber and Didi will be the last two rideshares standing after acquiring everyone else around the globe. Anyone else agree?