Uber takes over Careem Sudan’s unit

careem

Ride-hailing giant, Uber Technologies Inc., said it will be taking over the operations of Careem in Sudan as part of the acquisition.

The acquisition which has been estimated to be $3.1 billion will see the Dubai-based company exit Sudan after it started operations in 2018.

A spokeswoman for Careem told Reuters that: “There are no plans to close any other markets and ceasing Sudan operations will not have any effect on Careem’s other markets.”

Uber is the world’s largest ride-hailing company valued at $100 billion after its New York Stock Exchange listing.