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Uber Confirms Buying Careem for $3.1 Billion
Uber confirms acquiring Dubai-based ride-hailing service Careem in a deal worth $3.1 billion, which consists of $1.4 billion in cash and $ 1.7 billion in convertible notes.
Reports showed that Uber was in advanced talks to buy Careem last month and a deal was soon to be announced. Today, Uber declared buying Careem for $3.1 billion.
Read More: cabstartup.com/uber-confirms-buying-careem-for-3-1-billion/
Uber Confirms Buying Careem for $3.1 Billion
Uber confirms acquiring Dubai-based ride-hailing service Careem in a deal worth $3.1 billion, which consists of $1.4 billion in cash and $ 1.7 billion in convertible notes.
Reports showed that Uber was in advanced talks to buy Careem last month and a deal was soon to be announced. Today, Uber declared buying Careem for $3.1 billion.
Read More: cabstartup.com/uber-confirms-buying-careem-for-3-1-billion/