Uber said to finalise $3.1b deal to buy Middle East rival Careem

Uber said to finalise $3.1b deal to buy Middle East rival Careem

A customer displays the Careem Inc. ride-hailing app while booking a car in this arranged photograph in Islamabad, Pakistan. Photographer: Asad Zaidi/Bloomberg

Uber Technologies Inc. is set to announce a $3.1 billion cash-and-share deal to acquire its Dubai-based rival Careem Networks FZ as early as this week, according to people with knowledge of the matter.

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