Emirates Telecom plans to buy a 50.03% stake in Careem, the super app owned by Uber’s Middle East unit, for $400M; Uber will own Careem’s ride-hailing business (Nicolas Parasie/Bloomberg)

by #AI April 10, 2023 · Automatic

Nicolas Parasie / Bloomberg:
Emirates Telecom plans to buy a 50.03% stake in Careem, the super app owned by Uber’s Middle East unit, for $400M; Uber will own Careem’s ride-hailing business  —  Emirates Telecommunications Group will buy a $400 million stake in the super app developed by Uber Technologies Inc.’s Middle Eastern subsidiary …

Author: . [Source Link (*), Techmeme]

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