Uber buys Careem: What does that mean to us as consumers?
Why is a global company like Uber looking to acquire a regional company like Careem? (Image via Careem)
On Tuesday, Uber announced that it acquired Careem, the sole competitor in the Middle East, for $ 3.1 billion. $ 1.4 billion will be paid in cash and Careem shareholders will receive $ 1.7 billion in Uber shares.
