Emirates Telecom plans to buy a 50.03% stake in Careem, the super app owned by Uber's Middle East unit, for $400M; Uber will own Careem's ride-hailing business (Nicolas Parasie/Bloomberg) 10-04-2023

Nicolas Parasie / Bloomberg:
Emirates Telecom plans to buy a 50.03% stake in Careem, the super app owned by Uber’s Middle East unit, for $400M; Uber will own Careem’s ride-hailing business — Emirates Telecommunications Group will buy a $400 million stake in the super app developed by Uber Technologies Inc.’s Middle Eastern subsidiary …