Emirates Telecommunications acquires a 50.03% stake in super app Careem from Uber's Middle East unit for $400M; Uber will keep Careem's ride-hailing business (Nicolas Parasie/Bloomberg) 10-04-2023

Nicolas Parasie / Bloomberg:
Emirates Telecommunications acquires a 50.03% stake in super app Careem from Uber’s Middle East unit for $400M; Uber will keep 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 …