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3/27/2019: Uber seals $3.1b deal to acquire Careem

Uploaded by admin on March 27, 2019 at 1:00 am

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Ride-hailing app Uber confirmed yesterday it will be acquiring local rival Careem for $3.1 billion — the biggest ever tech deal in the Middle East. Uber said in a statement that of the $3.1 billion it will pay, $1.4 billion will be in cash while $1.7…

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