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Uber is acquiring Middle Eastern rival Careem for $3.1 billion

Uber has confirmed it's acquiring its main rival in the Middle East, Careem, for $3.1 billion. The deal is the region's largest ever tech transaction, outside of Israel, according to the Associated Press. It gives Uber significant access to the great…

Source: Endgaget – Uber is acquiring Middle Eastern rival Careem for .1 billion

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