Uber increases Careem ownership after $100 million stake purchase from e&

Uber acquires controlling stake in UAE's Careem for $100 million | The National

Uber acquires a 12.5% stake in Careem Technologies from UAE telco e& for $100M, regaining strategic influence over the super-app it sold in 2023 for $400M. The deal — with mutual put/call options exercisable in 2031-32 — signals Uber's intent to consolidate control of Middle East mobility and adjacent verticals (food, grocery, payments) across 70+ cities.