TY - GEN A1 - Fuhrmann, Julius A1 - Kryut, Benjamin T1 - Deal Logic Careem / Uber N2 - Confirmed in March 2019, Uber plans to acquire its Middle Eastern rival Careem in a deal worth USD 3.1bn. The transaction value is expected to be a record for a Middle Eastern tech startup exit and among the highest globally for ride-hailing mergers and acquisitions. As part of this deal, which is expected to close in early 2020, Uber will acquire Careem’s mobility, delivery and payments business across the greater Middle Eastern region, which includes operations in Egypt, Jordan, Pakistan, Saudi Arabia and the UAE. After pulling out of major markets like China and selling its business in Southeast Asia to Grab last March, Uber has been seeking new avenues of growth. T3 - Deal Logic - 2019-11-01 KW - Careem Networks FZ LLC KW - Careem Networks FZ LLC KW - Uber Technologies, Inc. KW - Uber Technologies, Inc. KW - Firmenfusion KW - Company merger Y1 - 2019 UR - https://opus4.kobv.de/opus4-whu/frontdoor/index/index/docId/761 UR - https://nbn-resolving.org/urn:nbn:de:hbz:992-opus4-7615 VL - 2019 IS - 11-01 PB - WHU Finance Society e. V. CY - Vallendar ER -