Uber is set for a monopoly in North Africa after buying its biggest rival there
submitted about 7 years ago by tyger
submitted about 7 years ago by tyger
- Uber has acquired its main competitor in the Middle East and North Africa, Careem, for $3.1 billion, allowing it to strengthen its market presence in the region.
- Careem will continue to operate independently under its own brand, but this deal marks a significant change in the ride-hailing landscape, especially in key markets like Egypt and Morocco.
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