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March 26, 2019 03:23 pm -04

Uber is acquiring Middle Eastern rival Careem for $3.1 billion

Uber has confirmed it's acquiring its main rival in the Middle East, Careem, for $3.1 billion. The deal is the region's largest ever tech transaction, outside of Israel, according to the Associated Press. It gives Uber significant access to the great...

Original Link: https://www.engadget.com/2019/03/26/uber-acquiring-careem/

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Engadget

Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WI

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