A purchase of Careem, which is currently being touted at between $2bn and $2.5bn, would allow Didi Chuxing, Rakuten, Daimler, Saudi Telecom and Al Tayyar to exit.
On-demand ride provider Uber has entered talks to acquire Careem, a United Arab Emirates-based counterpart backed by several corporate investors, for up to $2.5bn, Bloomberg reported yesterday.
Uber would likely pay between $2bn and $2.5bn for the company, according to people familiar with the matter. The companies had initiated talks exploring the possibility of merging their Middle Eastern operations in July this year.
Careem’s ride hailing service has more than 15 million registered users and stretches across more than…
