{"id":55978,"date":"2019-03-26T13:33:38","date_gmt":"2019-03-26T03:33:38","guid":{"rendered":"http:\/\/leadpakistan.com.pk\/news\/?p=55978"},"modified":"2019-03-26T13:33:55","modified_gmt":"2019-03-26T03:33:55","slug":"uber-to-buy-rival-careem","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/uber-to-buy-rival-careem\/","title":{"rendered":"UBER to buy rival Careem"},"content":{"rendered":"<p>DUBAI: Uber is set to buy its Middle Eastern rival Careem for $3.1 billion, financial news agency Bloomberg reported. The deal, expected to be announced on Tuesday, will see Uber pay $1.4 billion in cash and the rest in notes convertible to Uber shares, Bloomberg reported, citing people with knowledge of the matter. It comes as Uber prepares for its initial public offering\u2014expected next month\u2014which could, according to some estimates, see the rideshare giant\u2019s value increase to $100 billion. Dubai-based Careem boast more than a million drivers and 30 million users across 90 cities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DUBAI: Uber is set to buy its Middle Eastern rival Careem for $3.1 billion, financial news agency Bloomberg reported. The deal, expected to be announced on Tuesday, will see Uber pay $1.4 billion in cash and the rest in notes convertible to Uber shares, Bloomberg reported, citing people with knowledge of the matter. It comes [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-55978","post","type-post","status-publish","format-standard","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>UBER to buy rival Careem<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/uber-to-buy-rival-careem\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UBER to buy rival Careem\" \/>\n<meta property=\"og:description\" content=\"DUBAI: Uber is set to buy its Middle Eastern rival Careem for $3.1 billion, financial news agency Bloomberg reported. The deal, expected to be announced on Tuesday, will see Uber pay $1.4 billion in cash and the rest in notes convertible to Uber shares, Bloomberg reported, citing people with knowledge of the matter. 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