Uber is set to announce a $3.1-billion cash-and-share deal to acquire its Dubai-based rival Careem Networks as early as this week, according to people with knowledge of the matter.
Uber Technologies Inc. is set to announce a $3.1-billion cash-and-share deal to acquire its Dubai-based rival Careem Networks as early as this week, according to people with knowledge of the matter.
Uber spokesman Matt Kallman declined to comment. A spokesman for Careem wasn’t immediately able to comment.imminent initial public offering
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