WebApr 11, 2024 · Dubai-based Emirates Telecommunications Group Company (e&) has acquired a majority stake worth $400 million in the Careem super-app, owned by Uber. The acquisition will see e& become a majority investor in Careem while Uber remains the whole owner of the super-app. Read more: Uber considers IPO, sale of logistics unit in … WebApr 10, 2024 · UAE telecoms operator e& Group signed a binding agreement with Uber Technologies to acquire a 50.03 per cent stake in Careem Super App, in a deal valued …
UAE telco e& acquires stake in Uber
WebJan 7, 2024 · With the closing of the deal, Uber has acquired Careem’s mobility, delivery, and payments businesses across the greater Middle East region, with major markets … WebApr 10, 2024 · Uber announced plans to acquire Careem in 2024 for $3.1 billion. The deal allowed the company to continue to operate independently, with chief executive Mr … lightkeeper pro light bulbs 3 5v
Egypt competition watchdog approves Uber acquisition of Careem …
WebApr 11, 2024 · Ride-hailing major Uber has sold its stake worth $400 million in Careem, the Middle East-based ride-hailing company that it bought in 2024, to boost its super app business. Careem will spin out its super app business into a new venture backed with $400 million from the telco giant Emirates Telecommunications (known as e&). WebApr 12, 2024 · Careem’s ride hailing business will remain fully owned by Uber and continue to be available with all other Careem services on the existing app for customers. E& is investing $400m to become a majority shareholder in Careem’s Super App alongside Uber and all three of Careem’s co-founders. peaky blinders rambert cardiff