BRIEF-Uber To Acquire Careem For $3.1 Billion
* UBER TECHNOLOGIES -CAREEM TO BECOME WHOLLY-OWNED SUBSIDIARY OF UBER, OPERATING AS AN INDEPENDENT COMPANY UNDER CAREEM BRAND AND LED BY CAREEM FOUNDERS * CO AND CAREEM HAVE REACHED AN AGREEMENT FOR CO TO ACQUIRE CAREEM FOR $3.1 BILLION
* TRANSACTION IS EXPECTED TO CLOSE IN Q1 2020 * CAREEM CO-FOUNDER AND CEO MUDASSIR SHEIKHA WILL LEAD CAREEM BUSINESS
* UBER TECHNOLOGIES- JEFFERIES LLC ACTED AS EXCLUSIVE FINANCIAL ADVISOR TO CAREEM ON TRANSACTION * CAREEM AND UBER WILL OPERATE THEIR RESPECTIVE REGIONAL SERVICES AND INDEPENDENT BRANDS
* UBER -WILL ACQUIRE ALL OF CAREEM'S MOBILITY, DELIVERY, AND PAYMENTS BUSINESSES ACROSS GREATER MIDDLE EAST REGION, RANGING FROM MOROCCO TO PAKISTAN Source text for Eikon:
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