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Uber is expected to buy his Middle East rival Careem



We have asked Uber for comment.

The movement can be a sharp one. Uber is believed to be a public filing for its IPO in April, and breaking up Careem would give investors an additional reason to repay the company. On top of that, one of the company's largest backers is a Saudi Arabian mutual fund ̵

1; Uber can increase the chances of receiving more funding if it's important to ride in the region. You can't see Uber making similar acquisitions unless it is getting more from the deal than any extra passengers.


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