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Uber buys big rival in Middle East for $3.1bln

Tuesday, March 26, 2019 - 01:33

Uber is to buy its big rival in the Middle East, Careem, in a $3.1bln deal that gives it a much needed win after it was forced to divest several units due to heavy losses.

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Uber is to buy its big rival in the Middle East, Careem, in a $3.1bln deal that gives it a much needed win after it was forced to divest several units due to heavy losses.

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Uber buys big rival in Middle East for $3.1bln

Tuesday, March 26, 2019 - 01:33