Uber in talks with Dubai’s Careem to merge in Middle East: Bloomberg

FILE PHOTO: The logo of Uber is pictured during the presentation of their new security measures in Mexico City, Mexico April 10, 2018. REUTERS/Ginnette Riquelme/File Photo

(Reuters) – Uber Technologies is in preliminary talks with rival Careem to combine their Middle Eastern ride-hailing services, Bloomberg reported on Tuesday, citing three people familiar with the matter. The companies have discussed several potential deal structures and under one of them, Careem’s current leaders would manage the new combined business while retaining one or […]

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