In the biggest tech deal the region has ever seen, Uber is paying $3.1 billion for Careem with a mixture of cash and securities that will convert into Uber shares when the company goes public.
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Uber is buying its Middle East rival Careem for $3.1 billion
Uber is buying the biggest ride-hailing app in the Middle East. In the biggest tech deal the region has ever seen, Uber is paying $3.1 billion for Careem with a mixture of cash and securities that will convert into Uber shares when the company goes public.
