Tag - Deal

January 2020

Uber completes $3.1 billion deal to buy Dubai’s Careem

Both ride-hailing services will continue to operate independently across the Middle East. Careem operates in 120 cities across 15 countries in the region. The Dubai ride-hailing company retains operational and brand independence even as it becomes a wholly-owned subsidiary of the American firm. Careem co-founder Mudassir Sheikha also remains chief executive. Its board will be made...