Daily Business Wrap - Uber buys rival Careem

Name: Daily Business Wrap - Uber buys rival Careem
Uploaded: 2019-03-26T17:35:45+04:00
Description: The acquisition makes Careem a wholly owned subsidiary of Uber.

The acquisition makes Careem a wholly owned subsidiary of Uber.

Last updated: March 26, 2019 | 17:35

Logan Fish, Video Editor and Siddesh Mayenkar, Business Reporter

1 MIN READ

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Careem, founded in 2012, has a larger presence than Uber in the Middle East, North Africa, Pakistan, and Turkey, operating in 98 cities there compared with Uber's roughly 23 locations.