Uber Technologies Inc is in advanced discussions to buy its Dubai-based rival Careem Networks FZ, Bloomberg reported on Thursday, citing people familiar with the matter.
Source: www.reuters.com
Uber Technologies is planning to acquire Dubai-based rival Careem Networks FZ in a cash and stock transaction valued at $3 billion. The deal would substantially expand the Uber’s operations in the Middle East. Both companies are still negotiating, and as such no definitive agreements have yet to be made.
