Skip to content
Subscriber Only

Uber Is in Talks With Careem to Merge in Middle East

  • Uber seeks majority stake in Middle Eastern rival, sources say
  • Careem is raising money at a reported $1.5 billion valuation
Bloomberg business news
Uber And Careem In Middle East Merger Talks
Updated on

Uber Technologies Inc. and Careem Networks FZ are in preliminary talks to combine their Middle Eastern ride-hailing services, hoping to resolve a costly rivalry as Uber prepares for a public offering next year, according to three people familiar with the matter.

The companies have discussed a number of potential deal structures, but they haven’t come to an agreement on the contours, according to the people, who asked not to be identified because the talks are private.