Finance news and Gists.
Uber‘s acquisition of its Dubai rival, Careem, has marked the largest transaction in technology industry.
The acquisition of careem by uber in the Middle East is,however, likely to be viewed as anti-competition in Egypt’s ride-hailing market.
The global ride-hailing giant (Uber) and Careem announced the development on Tuesday through a joint statement.
The deal, which is valued at $3.1 billion, gives Uber access to the Middle Eastern region which includes: Jordan, Pakistan, Saudi Arabia, and the United Arab Emirates, etc.
“CAREEM AND UBER ARE JOINING FORCES. WE HAVE REACHED AN AGREEMENT IN WHICH UBER WILL ACQUIRE CAREEM FOR $3.1 BILLION.”
Anti-competition probe: But the acquisition might have contravened some competition rules, even as the Egyptian Government has disclosed that the country would open an investigation into the deal’s impact on competition in the country.
© BOF - maximizing financial strength.
Oau.
Posted using Partiko Android
Warning! This user is on my black list, likely as a known plagiarist, spammer or ID thief. Please be cautious with this post!
If you believe this is an error, please chat with us in the #cheetah-appeals channel in our discord.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @oclinton! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPDownvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Ok
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hello dear @oclinton.
I just checked your account again and it seems that you're not active on Steemit any more. Hope you did not give up on this platform and our little community. And hope you're well.
All best, Piotr.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @oclinton! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit