Deal Logic Careem / Uber

  • 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.

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Metadaten
Author:Julius Fuhrmann, Benjamin Kryut
URN:urn:nbn:de:hbz:992-opus4-7615
Series (Serial Number):Deal Logic (2019-11-01)
Publisher:WHU Finance Society e. V.
Place of publication:Vallendar
Document Type:Part of Periodical
Language:English
Date of Publication (online):2019/11/01
Date of first Publication:2019/11/01
Publishing Institution:WHU Finance Society e. V.
Release Date:2019/12/10
Tag:Careem Networks FZ LLC; Firmenfusion; Uber Technologies, Inc.
Careem Networks FZ LLC; Company merger; Uber Technologies, Inc.
Volume:2019
Issue:11-01
Page Number:6
Licence (German):Copyright for this publication