Uber Buys Dubai Ride-Hailing Unicorn Careem For $3.1B
PYMNTS
OCTOBER 2, 2019
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.
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