Why Uber may buy its big rival in the Middle East

Why Uber may buy its big rival in the Middle East

  • Careem may also prefer a deal before an Uber IPO which could raise billions for its competitor.
  • "Careem would likely lean more toward an acquisition by Uber to protect value created, and avoid further losses once Uber has more firepower as a result of its IPO," said Khaldoon Tabaza, founder of Dubai-based startup operating firm, iMena Group.


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