Uber buys rival Careem in $3.1 billion deal to dominate ride-hailing in Middle East

Uber buys rival Careem in $3.1 billion deal to dominate ride-hailing in Middle East Uber said late on March 25 night it would pay $1.4 billion in cash and $1.7 billion in convertible notes in a deal that gives it full ownership of Careem.

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