Uber, Careem merger said to be completed in 8 months

03/04/2019 Argaam

 

Uber Inc.’s acquisition of Dubai-based ride hailing app Careem is expected to be completed within seven or eight months, UAE state news agency WAM reported, citing CEOs of the two companies.

 

The $3.1 billion merger completion timeline was discussed during a meeting between Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, and Dara Khosrowshahi, CEO of Uber, and Mudassir Sheikha, CEO of Careem.

 

Read: It's official: Uber buys ride-hailing app Careem for $3.1 bln

 

Khosrowshahi and Sheikha explained how the merger would affect their employees, offices and 17,000 limousines in the UAE and the region, WAM reported.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read