Uber buys Middle East rival Careem for $3.1bn

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Uber buys Middle East rival Careem for $3.1bn
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  • 📰 The Independent
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Acquisition is largest technology transaction in region outside of Israel

Careem, founded by two former management consultants at McKinsey & Co, quickly became popular, particularly in countries like Egypt and Pakistan, in part because it gave riders the option to pay by cash rather than just credit card.that delivers food, Careem had the lead operating in more than 100 cities across 15 countries.

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