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Uber Careem Purchase What You Need To Know

Careem User? We Have Some Very Important News For You

Supplied/ Careem

Supplied/ Careem

Commuters, what we are about to say is big, really big. Uber Technologies has just purchased Dubai-based transport network company Careem. Yup, you read that right, five years after making its Middle Eastern debut, the transport service company has officially acquired it local competitor Careem for a whopping US$3.1bn – the largest technology sector transaction in the Middle East to date.

The news was confirmed via email earlier today.

The email read: "Five years ago, we arrived in the Middle East. It was the start of an incredible journey which has seen millions of riders and drivers find new ways to move and work.
Today, we are proud to announce the next step in our journey: we've agreed to acquire Careem, one of the region's greatest success stories. Uber and Careem will come together to complement each other's strengths, better serve the region, and maintain a tailored local experience."

Adding: "Nothing will change for you. Both Uber and Careem will continue to operate as independent apps.
We are excited about what this means for the future of mobility, delivery, and payments in the Middle East, we're looking forward to continuing the journey together."

It seems that Careem is equally excited about the news, as it's co-founder Mudassir Sheikha, followed the announcement with an encouraging tweet:

While the news is no doubt exciting, we can't help but wonder how the deal will affect local fares - Careem is known to have better discounts and deals, as well as lower peak rates.

A quick scroll through Twitter shows us that we are alone. Below are a few comments from concerned commuters:

We have contacted Uber and will be sure to update you with more details soon.

Image Source: Supplied/ Careem
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