Sources: Uber to announce the $3.1B acquisition of Dubai-based Careem soon, paying $1.4B in cash and $1.7B in convertible notes at a price of $55 per Uber share
Uber Technologies Inc. is set to announce a $3.1 billion cash-and-share deal to acquire its Dubai-based rival Careem Networks FZ … Tweets: @umarsaif and @thisisaby Tweets: Umar Saif / @umarsaif : If true, this would be a huge exit for a Pakistani entrepreneur, born and raised in Pakistan (and studied with me in college at LUMS). Most of Careem's tech was also developed in Pakistan http://www.bloomberg.com/... Aby Sam Thomas / @thisisaby : Asked @careem about this just now; the spokesperson's response: “We aren't commenting on speculation in the market about a deal.” Just gotta wait and watch, I guess! http://twitter.com/...