Uber Completes $100 Million Purchase of Additional Careem Stake From e&

MT Newswires Live

07/31

Uber Technologies (UBER) completed the acquisition of a 12.5% stake in Careem Technologies from Emirates Telecommunications Group (e&) for $100 million in cash, e& said Friday.

The transaction is expected to help Careem leverage Uber's global technology and platform capabilities for its next phase of growth, it said.

The deal also includes reciprocal put and call options over e&'s remaining stake, exercisable between Dec. 1, 2031, and Jan. 31, 2032, it added.

Following the sale, e& will account for its remaining investment in Careem using the equity method under IAS 28.

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said Friday.</p><p>The transaction is expected to help Careem leverage Uber's global technology and platform capabilities for its next phase of growth, it said.</p><p>The deal also includes reciprocal put and call options over e&amp;'s remaining stake, exercisable between Dec. 1, 2031, and Jan. 31, 2032, it added.</p><p>Following the sale, e&amp; will account for its remaining investment in Careem using the equity method under IAS 28.</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4503","symbol_name":"景林資產持倉","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2655618453","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2655618453","pubTimestamp":1785503049,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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