What Does Uber's Purchase Of Careem Mean? Unlisted Video
5 years ago
2
News
Daimler Mobility
Business Insider Intelligence
North Africa
Location-Based Software
Peer-To-Peer Ridesharing
Uber has agreed to purchase Careem, a Middle Eastern ride-hailing, delivery, and payments firm, for $3.1 billion, according to Bloomberg.
Business Insider Intelligence said the agreement marks Uber's first-ever acquisition of another ride-hailing company
What does it mean for the company and its prospects?
The agreement is a significant departure from Uber's longtime approach to international markets.
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