- More by Antonio De Lucia
Uber to buy out Dubai rival Careem for $3.1bn
This story is currently developing. Further updates will follow
To be notified of developments as they break
Advertisement – Advertise here from OMR 100 / $275 USD
Uber si prepara ad annunciare l’acquisizione della rivale di Dubai ‘Careem Networks FZ’. Lo riporta l’agenzia Bloomberg citando alcune fonti, secondo le quali l’operazione ha un valore di 3,1 miliardi di dollari (USD) ed è parte in contanti e parte in titoli convertibili in azioni Uber quando l’app per auto cin conducente sarà quotata.
Con l’acquisizione Uber si rafforza in vista dell’atteso sbarco in Borsa, in quelle che potrebbe essere una delle maggiori initial public offering del New York Stock Exchange. Uber potrebbe infatti essere valutata fino a 120 miliardi di dollari (USD).
Uber is preparing to announce the take over of Dubai based rivals ‘CareemNetworks FZ’. News agency Bloomberg cited sources, according to which the deal said to have a value of $3.1bn (USD), partly in cash and partly in convertible securities in Uber Shares when the app is publicly listed.
With the acquisition Uber strengthens itself in the view of the Stock Markets, in what could be one of the major IPOs on the New York Stock Exchange. Uber could indeed be valued up to $120bn (USD).
Since you’re here …
… we have a small favour to ask. More people are reading Al-Sahawat Times than ever but advertising revenues across the global media industry are falling fast. And unlike many news organisations, we haven’t put up a total paywall. We want to keep our journalism as open as we can. So you can see why we need to ask for your help. Al-Sahawat Times’ independent, investigative journalism takes a lot of time, money and hard work to produce. But we do it because we believe truly ethical media and an unbias perspective really matters.
“I appreciate there not being a paywall: it is more democratic for the media to be available for all and not a commodity to be purchased by a few. I’m happy to make a contribution so others with less means still have access to information.”
If everyone who reads our reporting, who likes it, helps fund it, the future of ethical media and the futures of our staff and their families would be much more secure. For as little as £1, you can support Al-Sahawat Times and it only takes a minute. Thank you.
This story is available on:
APPLE NEWS | GOOGLE NEWS | AL-SAHAWAT TIMES
Talk to a journalist
Follow Al-Sahawat Times
?Read it on FLIPBOARD
- A.DeLucia@alsahawat.com | Journalist