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Uber buys Careem: What does that mean to us as consumers?

On Tuesday, Uber announced that it acquired Careem, the sole competitor in the Middle East, for $ 3.1 billion. $ 1.4 billion will be paid in cash and Careem shareholders will receive $ 1.7 billion in Uber shares. “Uber will have all its transport, delivery and payment operations across the Greater Middle East,” said Careem, […]

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