Uber Mideast Unit Sells Stake in Super App to Largest UAE Telco
- Emirates Telecom to buy $400 million stake in Careem super app
- Abu Dhabi firm is seeking to become global technology investor
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Emirates Telecommunications Group will buy a $400 million stake in the super app developed by Uber Technologies Inc.’s Middle Eastern subsidiary, as part of the Abu Dhabi-based firm’s attempts to reinvent itself as a global technology investor.