Uber Technologies is in early talks to buy food-delivery company Deliveroo for several billion dollars, Bloomberg reported.
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Egypt lifts ban on Uber and Careem
An Egyptian court ruled to revoke the suspension of the licenses of ride-hailing companies Uber and Careem, allowing them to continue their work, Reuters reports citing judicial sources said. 0 2075
$2 billion Uber-Careem deal in the works: sources
Uber Technologies is in discussions to buy its Dubai-based rival Careem Networks for about $2 billion to $2.5 billion as the ride-hailing giant expands in the Middle East, Bloomberg reported.
Japanese carmaker signs $500M driverless car deal with Uber
Toyota Motor will reportedly invest $500 million in Uber Technologies to jointly work on developing self-driving cars, the companies announced recently.
From four wheels to two: Uber diversifies offerings
Uber is planning to shift from cars to electric bicycles for shorter journeys as part of its long-term strategy, according to the ride-hailing firm’s CEO Dara Khosrowshahi.
Dubai free zones team up for tech sustainability drive
Dubai Internet City (DIC) and Dubai Science Park (DSP) teamed up to bring back the e-waste collection drive to their communities in collaboration with Uber and Averda.
Dubai’s Careem to enter food business with $150M fund raising round
Middle East ride-hailing app Careem is reportedly in talks to raise as much as $150 million from existing investors to launch its food delivery business as early as September.
What the Uber-Careem deal says about Middle East startup culture
The MAGNiTT Exit report in 2017 revealed that there was a total of 60 startup exits – the point an investor (usually a venture capitalist) sells their stake in a firm to realise their gains – across the MENA in the years of 2012 to 2017.
Analysts: Uber-Careem deal in the interest of the industry
The last two and half years haven’t been easy for Uber Technologies. Post the exit of its former CEO Travis …
Middle East unicorn Careem responds to merger talks
Uber is reportedly in “preliminary talks” with local competitor Careem to strike a deal that would see the two companies merge.
Uber in talks to merge with Dubai-based Careem
Uber Technologies is in preliminary talks with rival Careem to combine their Middle Eastern ride-hailing services, Bloomberg reported, citing three people familiar with the matter.