2023-04-10
Bloomberg
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Emirates Telecom plans to buy a 50.03% stake in Careem, the super app owned by Uber's Middle East unit, for $400M; Uber will own Careem's ride-hailing business
Emirates Telecommunications Group will buy a $400 million stake in the super app developed by Uber Technologies Inc.'s Middle Eastern subsidiary …
2019-12-30
Bloomberg
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Egypt approves Uber's $3.1B acquisition of Careem after setting price caps and other measures designed to keep the local market competitive
Egypt signed off on Uber Technologies Inc.'s acquisition of ride-hailing peer Careem Inc. after setting price caps and other measures designed to keep the local market competitive.
2018-03-08
Bloomberg
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Sources: Grab is close to acquiring certain markets of Uber's Southeast Asia business, may sign a deal this week or next; Uber will take ~15-20% stake in Grab
Grab, the dominant ride-hailing service in Southeast Asia, is close to finalizing a deal to acquire Uber Technologies Inc.'s business …
2016-08-02
Wall Street Journal
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Didi's acquisition of Uber China and $1B investment in Uber leaves the future of Lyft's alliance with Didi in doubt
Lyft sees ally Didi team with its biggest rival, which is now no longer burdened by China — Uber Technologies Inc.'s retreat from China creates ripples in its second-biggest market …
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