Frequency in the past and that Uber was in talks with the company Careem which is considered its main rival in the Middle East, the deal on the acquisition possible. Says a new report that he may be signing the deal this week. It is said that Uber you’ll get a company Careem compared with 3.1 billion USD. This step certainly with the direction taken by the Uber lately, and withdraw from foreign markets where they face stiff competition.
The newspaper reported The Financial Times that it can be officially announced about the deal, Uber the company Careem by the day. The value of the company Careem about 2 billion USD last year, says that it is working in 90 cities in 15 countries, serving approximately 30 million users in the Middle East, South Asia and North Africa. Among the largest investors in the company Careem, we find a company Rakuten Japanese company Kingdom Holding Company Prince Alwaleed bin Talal.
In the markets in which they operate both services, will lead the integration between Uber and Careem to a monopoly market after the elimination of the biggest competitor to buy the Uber in Southeast Asia. It remains to be seen whether this deal will face some regulatory hurdles in some of those markets where both companies or not.
There has been no official comment on the issue of Careem or Uber at the moment.