Uber, Ca­reem deal

Travel Daily - - News -

UBER last week closed its pre­vi­ously an­nounced $3.1 bil­lion ac­qui­si­tion of trans­porta­tion net­work Ca­reem Net­works (TD 27 Mar 2019).

Ca­reem will be­come a wholly owned sub­sidiary of Uber, pre­serv­ing its brand, with its leader Mu­das­sir Sheikha now re­port­ing to a board made up of three Uber rep­re­sen­ta­tives and two Ca­reem reps.

The ride-hail­ing plat­form serves cus­tomers across the Mid­dle East, and is Uber’s largest pur­chase.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.