Uber buys rival Careem in $3.1 billion deal to dominate ride-hailing in Middle East

Uber said late on March 25 night it would pay $1.4 billion in cash and $1.7 billion in convertible notes in a deal that gives it full ownership of Careem.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/uber-buys-rival-careem3631-billion-deal-to-dominate-ride-hailingmiddle-east_12292321.html