×
App Icon
The Standard e-Paper
Fearless, Trusted News
★★★★ - on Play Store
Read on the App

Uber buys rival Careem in Sh313 billion deal to dominate ride-hailing in Middle East

Global ride-hailing firm Uber Technologies Inc will spend $3.1 billion (Sh313b) to acquire Middle East rival Careem, buying dominance in a competitive region ahead of a hotly anticipated initial public offering.

Get Full Access for Ksh299/Week
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in