Uber is set to announce a $3.1-billion cash-and-share deal to acquire its Dubai-based rival Careem Networks as early as this week, according to people with knowledge of the matter.
Uber Technologies Inc. is set to announce a $3.1-billion cash-and-share deal to acquire its Dubai-based rival Careem Networks as early as this week, according to people with knowledge of the matter.
Uber spokesman Matt Kallman declined to comment. A spokesman for Careem wasn’t immediately able to comment.imminent initial public offering
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Uber could announce $3 billion deal with Careem early this week: sourcesUber Technologies Inc is set to offer over $3 billion to buy Dubai-based rival C...
Read more »
Uber to announce deal to buy rival Careem as early as this week: BloombergUber Technologies Inc will announce plans to acquire Dubai-based rival Careem Ne...
Read more »
Uber is on the brink of buying rival ride-sharing company Careem for $3.1 billionUber's deal for Careem will reportedly total $3.1 billion — $1.4 billion in cash plus $1.7 billion in convertible notes.
Read more »
Indian state open for talks with Uber rival Ola over banThe southern Indian state of Karnataka kept the door open on Saturday to talks w...
Read more »
Riding with 'Uncle Diego': Uber’s wild drive for growth in ChileThe Uber driver pulled up to the international airport outside Chile's capi...
Read more »
Exclusive: Mexico central bank says Uber, other firms interested in mobile pay systemVarious companies in Mexico, including Uber Technologies Inc., have shown intere...
Read more »
‘I'm really struggling’ — Facing pay cuts, some ride-hailing drivers prepare to strikeLed by a group called Rideshare Drivers United, Uber and Lyft contractors in Los Angeles are planning a strike after Uber slashed the per-mile pay from $0.80 to $0.60.
Read more »
Uber drives Middle East mapping push ahead of IPO: sourceUber Technologies Inc is six months into a major mapping project that fills hole...
Read more »
Uber drivers demand their dataThe ride-hailing company declined to share comprehensive information. Now drivers are taking legal action
Read more »
Uber faces fresh legal challenge over driver dataUber drivers in the U.K. are filing a lawsuit against the company over allegations the firm has continuously broken European data protection laws.
Read more »