Business Top News

Uber buys competing Careem in $3.1 bn deal to dominate ride hailing in West Asia

 San Francisco, California: Worldwide to bring Uber Technologies Inc will invest $3.1 billion to obtain West Asia rival Careem, purchasing dominance at an aggressive region ahead of the hotly anticipated initial public offering. Uber said late Monday night it’d pay $1.4 billion in cash and $1.7 billion in convertible banknotes at a deal which gives […]