SAN FRANCISCO/DUBAI (Reuters) - Global ride-hailing firm Uber Technologies Inc will spend $3.1 billion to acquire Middle East rival Careem, buying dominance in a competitive region ahead of a hotly ...

Ride-hailing service Uber announced on Tuesday it has acquired its Mideast competitor Careem for $3.1 billion, making it the largest-ever technology purchase in the region. Uber said in a prepared ...

Marrian Zhou is a Beijing-born Californian living in New York City. She joined CNET as a staff reporter upon graduation from Columbia Journalism School. When Marrian is not reporting, she is probably ...

DUBAI, United Arab Emirates — Uber-owned ride-hailing service Careem announced Monday a spinout with major backing from a new source, as well as from its parent company. Tech holding company e&, ...

Uber completed a $3.1 billion takeover of the Dubai-based ride-hailing app Careem earlier this month. Careem is a wildly popular service only available in 15 countries across the Middle East and North ...

Uber Technologies Inc. Chief Executive Dara Khosrowshahi has cut the largest deal of his tenure, buying Middle Eastern ride-hailing competitor Careem Networks for $3.1 billion. Uber will pay ...

Uber has confirmed it is buying its Middle East rival Careem in a $3.1 billion deal. Uber said it would pay $1.4 billion in cash and $1.7 billion in convertible notes as part of the agreement, which ...