Egypt competition watchdog approves Uber acquisition of Careem with conditions

  • 📰 Reuters
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The Egyptian Competition Authority (ECA) said on Sunday it had approved ride-hai...

FILE PHOTO: An UBER bus ushers Egypt fans to a soccer stadium before the start of a game against Ghana. REUTERS/Amr Abdallah Dalsh

CAIRO - The Egyptian Competition Authority said on Sunday it had approved ride-hailing group Uber’s acquisition of former regional rival Careem after the regulator agreed to a set of commitments proposed by the U.S.-based service. Uber bought Careem for $3.1 billion in March in a deal expected to close in January. Careem will become a wholly owned subsidiary of Uber but will continue to operate as an independent brand with independent management.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Don’t think the black background with white Arabic writing was a good shout 👀

Egypt has State regulated three watchdogs monitoring and (R)egulatig media,free speech, social interactions very difficult to find out ongoing scenario,there Bus accidents happen,no news Asian tourist killed;no news A cruise ship from Malta docked at Alexandria this is news

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Uber CEO's best advice: bet on 'people, not companies' - Business InsiderDon't overplan your life, the Uber boss said at a luncheon in December. If you do, you could miss huge opportunities because of confirmation bias. Gig economy jobs erode labor benefits and protections for all workers. Boycott the gig economy.
Source: BusinessInsider - 🏆 729. / 51 Read more »