Finance news and Gists.
Uber‘s acquisition of its Dubai rival, Careem, has marked the largest transaction in technology industry.
The acquisition of careem by uber in the Middle East is,however, likely to be viewed as anti-competition in Egypt’s ride-hailing market.
The global ride-hailing giant (Uber) and Careem announced the development on Tuesday through a joint statement.
The deal, which is valued at $3.1 billion, gives Uber access to the Middle Eastern region which includes: Jordan, Pakistan, Saudi Arabia, and the United Arab Emirates, etc.
“CAREEM AND UBER ARE JOINING FORCES. WE HAVE REACHED AN AGREEMENT IN WHICH UBER WILL ACQUIRE CAREEM FOR $3.1 BILLION.”
Anti-competition probe: But the acquisition might have contravened some competition rules, even as the Egyptian Government has disclosed that the country would open an investigation into the deal’s impact on competition in the country.
© BOF - maximizing financial strength.
Oau.
Posted using Partiko Android
Warning! This user is on my black list, likely as a known plagiarist, spammer or ID thief. Please be cautious with this post!
our discord. If you believe this is an error, please chat with us in the #cheetah-appeals channel in
Congratulations @oclinton! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
<table><tr><td><span><img src="https://images.hive.blog/768x0/https://steemitimages.com/60x70/http://steemitboard.com/@oclinton/votes.png?201904130401" srcset="https://images.hive.blog/768x0/https://steemitimages.com/60x70/http://steemitboard.com/@oclinton/votes.png?201904130401 1x, https://images.hive.blog/1536x0/https://steemitimages.com/60x70/http://steemitboard.com/@oclinton/votes.png?201904130401 2x" /><td>You made more than 9000 upvotes. Your next target is to reach 10000 upvotes. <p dir="auto"><sub><em>You can view <a href="https://steemitboard.com/@oclinton" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">your badges on your Steem Board and compare to others on the <a href="http://steemitboard.com/ranking/index.php?name=oclinton" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">Steem Ranking<br /> <sub><em>If you no longer want to receive notifications, reply to this comment with the word <code>STOP <blockquote> <p dir="auto">You can upvote this notification to help all Steem users. Learn how <a href="https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">here!Ok
Hello dear @oclinton.
I just checked your account again and it seems that you're not active on Steemit any more. Hope you did not give up on this platform and our little community. And hope you're well.
All best, Piotr.
Congratulations @oclinton! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking