Uber acquires Middle East Rival Careem for $3.1 Billion

Uber, the world’s largest privately-held company, announced on Tuesday the acquisition of its first rival in the Middle East, Careem, in a deal worth $3.1 billion. Careem, a UAE based startup in Dubai has been established back in 2012 and has since become the leader in shared transport with a user base of 30 million … Continue reading Uber acquires Middle East Rival Careem for $3.1 Billion