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Uber Buys Dubai Ride-Hailing Unicorn Careem For $3.1B

PYMNTS

Founded in 2012, the ride-hailing unicorn – which is valued at over $1 billion – was the premier tech startup in the Middle East and North Africa. Although the startup will be a wholly-owned Uber subsidiary, Careem will continue to operate under its own brand, the news outlet reported. Uber paid $3.1 billion to take ownership.

Regional 188
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Uber Launches Uber Works To Connect Workers To Gig Jobs

PYMNTS

Founded in 2012, the ride-hailing unicorn – which is valued at over $1 billion – was the premier tech startup in the Middle East and North Africa. Although the startup will be a wholly-owned Uber subsidiary, Careem will continue to operate under its own brand, the news outlet reported. Uber paid $3.1 billion to take ownership.

Chicago 139
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eCommerce Co Jumia Files US IPO

PYMNTS

Founded in 2012, Jumia also became the first African unicorn startup in 2016 after a $326 funding round that included Goldman Sachs, AXA and MTN. We’re really focused on growing our existing business, leadership position, number of sellers and consumer adoption in those markets,” Poignonnec said.

US 129
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Why Does The Path To Retail Innovation Go Through So Many Labs?

PYMNTS

Innovation is one of the keys to advancement — and that increasingly means opening tech hubs, incubators and other such operations. Retailers and brands regularly announced their intention to up their game — and provide those treasured consumer experiences instead of mere transactions.

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SAP’s Deal For Qualtrics Is The Largest Enterprise Software M&A Exit In History

CB Insights

10/12/2012. Qualtrics will maintain it’s leadership, personnel, and branding following the acquisition, and will operate as an entity of SAP’s Cloud Business Group. 3/23/2018. Acquired by SAP. 11/11/2018. Acquired by Microsoft. 10/26/2018. 4/27/2018. 10/16/2013. AppDynamics. Acquired by Cisco. 1/24/2017.

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Here Are 35 Casualties Of The Retail Apocalypse And Why They Failed

CB Insights

Modern-day retail is at an inflection point as retailers face struggling physical storefronts, massive debt, and inefficient operations, among other issues. Formerly beloved brands such as Aeropostale, American Apparel, and PacSun bit the dust in 2016, and the pace of retail deaths has accelerated since then. Date: May 2017.

Retail 78
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Fools Rush In: 37 Of The Worst Corporate M&A Flops

CB Insights

Date: March 21, 2012. Zynga, creator of Facebook games Farmville, Mafia Wars, and about a dozen different types of online slot machine games, paid $210M in 2012 for OMGPOP, creators of DrawSomething!, Date: 2012. Zynga and OMGPOP. Price: $210M. a viral gaming hit for iOS and Android. Caterpillar and ERA. Price: $677M.

Google 76