Today’s top business headlines with ChristineRomans before the opening bell on Wall Street: - Trump nominates Stephen Moore to Fed. board - Mortgage rates continue to fall - Business economists forecast slowing GDP - Airbus lands huge deal with China
London 1. Uber scoops up Careem: Uber is buying Careem, the biggest ride-hailing app in the Middle East, for $3.1 billion.
Careem was founded in 2012 and has since attracted 30 million users across 90 cities in the Middle East, North Africa and Pakistan. It was valued at more than $2 billion in a funding round in October.Based in Dubai, Careem will operate under its own brand as a subsidiary of Uber and continue to be led by CEO Mudassir Sheikha.
Tuesday — US building permits; US housing starts; S&P/Case-Shiller home prices; McCormick and Carnival earningsThursday — UK consumer confidence; US final estimate Q4 GDP
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Uber to announce deal to buy rival Careem as early as this week: BloombergUber Technologies Inc will announce plans to acquire Dubai-based rival Careem Ne...
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Uber will buy Middle Eastern rival Careem in $3.1-billion deal, sources sayUber is set to announce a $3.1-billion cash-and-share deal to acquire its Dubai-based rival Careem Networks as early as this week, according to people with knowledge of the matter.
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Uber buys rival Careem in $3.1 billion deal to dominate ride-hailing in Middle EastGlobal ride-hailing firm Uber Technologies Inc will spend $3.1 billion to acquir...
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Uber acquires Mideast competitor Careem for $3.1BDUBAI, United Arab Emirates (AP) — Ride-hailing service Uber announced on Tuesday it has acquired its Mideast competitor Careem for $3.1 billion, making it the largest-ever technology purchase in...
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Saudi venture fund STV says Uber deal with Careem to help Mideast ride hailing firm growSaudi Technology Ventures (STV) said on Tuesday Uber's deal with Careem wil...
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Uber is buying its Middle East rival Careem for $3.1 billionUber is buying Careem, the biggest ride-hailing app in the Middle East.
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Uber acquires Middle East competitor Careem in $3.1B dealCareem became popular across the Middle East after giving passengers an option to pay by cash rather than just credit card.
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Uber is on the brink of buying rival ride-sharing company Careem for $3.1 billionUber's deal for Careem will reportedly total $3.1 billion — $1.4 billion in cash plus $1.7 billion in convertible notes.
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Uber acquiring Mideast rival Careem for $3.1 billionUber said in a prepared statement that the $3.1 billion purchase consists of $1.7 billion in convertible notes and $1.4 billion in cash
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