Disputes, Employee Misconduct Rattle Centerview’s Silicon Valley DreamsRead more

Briefing
uber/lyft

Uber Sells 50% Stake in Careem’s Super App to UAE Firm

By
Martin Peers
· · Source: The Information

Uber has sold a 50% stake in a newly created Super App unit of its Careem middle Eastern ride-sharing unit to e&, a United Arab Emirates-based tech investment group for $400 million. The new unit will take over Careem’s food and grocery delivery as well as fintech services, while Uber retains full ownership of the company’s ride-hailing business. In carving off the unit and giving control...

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