Uber announces $3.1 billion deal to buy Middle East rival Careem Uber has reached a deal to acquire ride-hailing competitor Careem for $3.1 billion, the companies announced Tuesday.
KEY POINTS Uber’s $3.1 billion agreement to buy Careem consists of $1.7 billion in convertible notes and $1.4 billion in cash. Dubai-based Careem claims more than 30 million registered users…