Uber to acquire Middle East rival Careem in a $3.1B deal with $1.7B in convertible notes and $1.4B in cash
a testament to Dubai's role as a global hub of innovation and entrepreneurship. We look forward to continuing our journey in the region in the years ahead! http://t.uber.com/careem Teddy Schleifer / @teddyschleifer : Uber has owned:100% of Careem37% of Yandex28% of Grab20% of Didi0% of Lyfthttps://t.co/x22t1ywh07 Uber Comms / @uber_comms : We're proud to announce we've agreed to acquire @Careem, one of the Middle East's most successful startups. We're excited to partner with @Careem to better serve the region and maintain a tailored local experience for mobility, delivery and payments.