Exclusive-Uber in talks with Mideast unit over outside investment – sources

Exclusive-Uber in talks with Mideast unit over outside investment - sources

Exclusive-Uber in talks with Mideast unit over outside investment – sources

Information about Exclusive-Uber in talks with Mideast unit over outside investment – sources

Kevin David Scam or Legit


By Hadeel Al Sayegh, Lisa Barrington and Alexander Cornwell
DUBAI (Reuters) – Uber Technologies is in talks with the management of its Middle East unit Careem to bring outside investors into the business, four sources familiar with the matter said.
Careem’s ownership structure following the planned investment was not immediately clear, though sources said Uber would remain a shareholder while giving Careem’s management greater decision-making power over its strategy.
The investment would help finance the further roll-out of Careem’s so-called Super App, two of the sources said, which offers services outside its core ride-hailing business such as food delivery, digital payments and courier services.
One of the sources said Careem’s management wanted to build on its Super App – of which co-founder and Chief Executive Mudassir Sheikha has long been …

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