Uber to Offer $ 3 Billion to Buy Careem – The Economic Journal

Uber to Offer $ 3 Billion to Buy Careem - The Economic Journal


Uber is preparing to present an offer of € 3 billion to buy Careem. The deal may be about to be revealed next week, Reuters reports.

This deal may lead Uber to pay $ 1.4 billion, with the remaining $ 1.7 million being converted into Uber shares at a price of $ 55 per share, the news agency adds.

But Bloomberg said the deal could hit $ 3.1 billion, saying Tuesday could be the day this business could be announced.

Of note is that Uber is preparing for an IPO that according to analyst could be valued at more than 100 billion dollars.

Careem operates in the same sector as Uber, but is based in Dubai.



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