{"id":57570,"date":"2019-03-28T00:00:00","date_gmt":"2019-03-28T00:00:00","guid":{"rendered":"https:\/\/www.beirut.com\/?p=57570"},"modified":"2023-08-14T12:23:59","modified_gmt":"2023-08-14T12:23:59","slug":"its-official-uber-and-careem-are-joining-forces","status":"publish","type":"post","link":"https:\/\/www.beirut.com\/en\/57570\/its-official-uber-and-careem-are-joining-forces\/","title":{"rendered":"It’s Official: Uber And Careem Are Joining Forces!"},"content":{"rendered":"

Ride-hailing competitor apps Uber and Careem are officially joining forces, as announced by both companies earlier today. <\/p>\n

<\/p>\n

In an attempt to eliminate tough competition in the Middle East, Uber first initiated negotiations to buy out Careem more than 9 months ago, and today they finally landed a much-needed victory after previously sustaining heavy losses and selling their operations in China, Russia and Southeast Asia to local rivals. <\/p>\n

Uber will reportedly spend $3.1 billion to acquire Middle East rival Careem, paying $1.4 billion in cash and $1.7 billion in convertible notes. The deal is expected to close in the first quarter of 2020, the companies said, and is characterized as the biggest-ever technology industry transaction in the greater Middle East. <\/p>\n

According to the companies, the acquisition will make Careem a wholly-owned subsidiary of Uber but will keep the Careem brand and app intact, and both firms will continue to operate as independent brands.<\/p>\n

Dubai-based Careem, founded in 2012, has a larger presence than Uber in the Middle East, North Africa, Pakistan, and Turkey, operating in 98 cities compared with Uber\u2019s roughly 23 locations.<\/p>\n

Sources:<\/i><\/p>\n

Uber announces $3.1 billion deal to buy Middle East rival Careem<\/a><\/i><\/p>\n

Uber buys rival Careem in $3.1 billion deal to dominate ride-hailing in Middle East<\/a><\/i><\/p>\n

1 <\/p>\n","protected":false},"excerpt":{"rendered":"

Ride-hailing competitor apps Uber and Careem are officially joining forces, as announced by both companies earlier today.<\/p>\n","protected":false},"author":0,"featured_media":624880,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wpai_generated_summary":"","_preview_accessed":0,"_lftp_listicle_injection":"","footnotes":""},"tags":[347],"media-embed-type":[],"class_list":["post-57570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-trending"],"authorship":[180],"yoast_head":"\nIt's Official: Uber And Careem Are Joining Forces!<\/title>\n<meta name=\"description\" content=\"Ride-hailing competitor apps Uber and Careem are officially joining forces, as announced by both companies earlier today.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.beirut.com\/en\/57570\/its-official-uber-and-careem-are-joining-forces\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"It's Official: Uber And Careem Are Joining Forces!\" \/>\n<meta property=\"og:description\" content=\"Ride-hailing competitor apps Uber and Careem are officially joining forces, as announced by both companies earlier today.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.beirut.com\/en\/57570\/its-official-uber-and-careem-are-joining-forces\/\" \/>\n<meta property=\"og:site_name\" content=\"Beirut.com\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/beirutcityguide\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-28T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-14T12:23:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/05\/57570-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@beirutcityguide\" \/>\n<meta name=\"twitter:site\" content=\"@beirutcityguide\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.beirut.com\\\/en\\\/57570\\\/its-official-uber-and-careem-are-joining-forces\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.beirut.com\\\/en\\\/57570\\\/its-official-uber-and-careem-are-joining-forces\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"It’s Official: Uber And Careem Are Joining Forces!\",\"datePublished\":\"2019-03-28T00:00:00+00:00\",\"dateModified\":\"2023-08-14T12:23:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.beirut.com\\\/en\\\/57570\\\/its-official-uber-and-careem-are-joining-forces\\\/\"},\"wordCount\":208,\"publisher\":{\"@id\":\"https:\\\/\\\/www.beirut.com\\\/ar\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.beirut.com\\\/en\\\/57570\\\/its-official-uber-and-careem-are-joining-forces\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.beirut.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/57570-1.png\",\"keywords\":[\"Trending\"],\"articleSection\":[\"Blog\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.beirut.com\\\/en\\\/57570\\\/its-official-uber-and-careem-are-joining-forces\\\/\",\"url\":\"https:\\\/\\\/www.beirut.com\\\/en\\\/57570\\\/its-official-uber-and-careem-are-joining-forces\\\/\",\"name\":\"It's Official: Uber And Careem Are Joining Forces!\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.beirut.com\\\/ar\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.beirut.com\\\/en\\\/57570\\\/its-official-uber-and-careem-are-joining-forces\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.beirut.com\\\/en\\\/57570\\\/its-official-uber-and-careem-are-joining-forces\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.beirut.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/57570-1.png\",\"datePublished\":\"2019-03-28T00:00:00+00:00\",\"dateModified\":\"2023-08-14T12:23:59+00:00\",\"description\":\"Ride-hailing competitor apps Uber and Careem are officially joining forces, as announced by both companies earlier today.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.beirut.com\\\/en\\\/57570\\\/its-official-uber-and-careem-are-joining-forces\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.beirut.com\\\/en\\\/57570\\\/its-official-uber-and-careem-are-joining-forces\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.beirut.com\\\/en\\\/57570\\\/its-official-uber-and-careem-are-joining-forces\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.beirut.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/57570-1.png\",\"contentUrl\":\"https:\\\/\\\/www.beirut.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/57570-1.png\",\"width\":1920,\"height\":1080},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.beirut.com\\\/en\\\/57570\\\/its-official-uber-and-careem-are-joining-forces\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.beirut.com\\\/ar\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"It’s Official: Uber And Careem Are Joining Forces!\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.beirut.com\\\/ar\\\/#website\",\"url\":\"https:\\\/\\\/www.beirut.com\\\/ar\\\/\",\"name\":\"Beirut.com\",\"description\":\"Beirut.com is your insider guide to Lebanon, with the best in food, culture, neighborhoods, and everything new. Discover where to go and fall in love with our country.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.beirut.com\\\/ar\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.beirut.com\\\/ar\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.beirut.com\\\/ar\\\/#organization\",\"name\":\"Beirut.com, SA\",\"url\":\"https:\\\/\\\/www.beirut.com\\\/ar\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.beirut.com\\\/ar\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.beirut.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/Beirut.com-Logo-scaled.jpg\",\"contentUrl\":\"https:\\\/\\\/www.beirut.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/Beirut.com-Logo-scaled.jpg\",\"width\":2560,\"height\":1044,\"caption\":\"Beirut.com, SA\"},\"image\":{\"@id\":\"https:\\\/\\\/www.beirut.com\\\/ar\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/beirutcityguide\",\"https:\\\/\\\/x.com\\\/beirutcityguide\"]}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"It's Official: Uber And Careem Are Joining Forces!","description":"Ride-hailing competitor apps Uber and Careem are officially joining forces, as announced by both companies earlier today.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.beirut.com\/en\/57570\/its-official-uber-and-careem-are-joining-forces\/","og_locale":"en_US","og_type":"article","og_title":"It's Official: Uber And Careem Are Joining Forces!","og_description":"Ride-hailing competitor apps Uber and Careem are officially joining forces, as announced by both companies earlier today.","og_url":"https:\/\/www.beirut.com\/en\/57570\/its-official-uber-and-careem-are-joining-forces\/","og_site_name":"Beirut.com","article_publisher":"https:\/\/www.facebook.com\/beirutcityguide","article_published_time":"2019-03-28T00:00:00+00:00","article_modified_time":"2023-08-14T12:23:59+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/05\/57570-1.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_creator":"@beirutcityguide","twitter_site":"@beirutcityguide","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.beirut.com\/en\/57570\/its-official-uber-and-careem-are-joining-forces\/#article","isPartOf":{"@id":"https:\/\/www.beirut.com\/en\/57570\/its-official-uber-and-careem-are-joining-forces\/"},"author":{"name":"","@id":""},"headline":"It’s Official: Uber And Careem Are Joining Forces!","datePublished":"2019-03-28T00:00:00+00:00","dateModified":"2023-08-14T12:23:59+00:00","mainEntityOfPage":{"@id":"https:\/\/www.beirut.com\/en\/57570\/its-official-uber-and-careem-are-joining-forces\/"},"wordCount":208,"publisher":{"@id":"https:\/\/www.beirut.com\/ar\/#organization"},"image":{"@id":"https:\/\/www.beirut.com\/en\/57570\/its-official-uber-and-careem-are-joining-forces\/#primaryimage"},"thumbnailUrl":"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/05\/57570-1.png","keywords":["Trending"],"articleSection":["Blog"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.beirut.com\/en\/57570\/its-official-uber-and-careem-are-joining-forces\/","url":"https:\/\/www.beirut.com\/en\/57570\/its-official-uber-and-careem-are-joining-forces\/","name":"It's Official: Uber And Careem Are Joining Forces!","isPartOf":{"@id":"https:\/\/www.beirut.com\/ar\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.beirut.com\/en\/57570\/its-official-uber-and-careem-are-joining-forces\/#primaryimage"},"image":{"@id":"https:\/\/www.beirut.com\/en\/57570\/its-official-uber-and-careem-are-joining-forces\/#primaryimage"},"thumbnailUrl":"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/05\/57570-1.png","datePublished":"2019-03-28T00:00:00+00:00","dateModified":"2023-08-14T12:23:59+00:00","description":"Ride-hailing competitor apps Uber and Careem are officially joining forces, as announced by both companies earlier today.","breadcrumb":{"@id":"https:\/\/www.beirut.com\/en\/57570\/its-official-uber-and-careem-are-joining-forces\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.beirut.com\/en\/57570\/its-official-uber-and-careem-are-joining-forces\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.beirut.com\/en\/57570\/its-official-uber-and-careem-are-joining-forces\/#primaryimage","url":"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/05\/57570-1.png","contentUrl":"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/05\/57570-1.png","width":1920,"height":1080},{"@type":"BreadcrumbList","@id":"https:\/\/www.beirut.com\/en\/57570\/its-official-uber-and-careem-are-joining-forces\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.beirut.com\/ar\/"},{"@type":"ListItem","position":2,"name":"It’s Official: Uber And Careem Are Joining Forces!"}]},{"@type":"WebSite","@id":"https:\/\/www.beirut.com\/ar\/#website","url":"https:\/\/www.beirut.com\/ar\/","name":"Beirut.com","description":"Beirut.com is your insider guide to Lebanon, with the best in food, culture, neighborhoods, and everything new. Discover where to go and fall in love with our country.","publisher":{"@id":"https:\/\/www.beirut.com\/ar\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.beirut.com\/ar\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.beirut.com\/ar\/#organization","name":"Beirut.com, SA","url":"https:\/\/www.beirut.com\/ar\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.beirut.com\/ar\/#\/schema\/logo\/image\/","url":"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/04\/Beirut.com-Logo-scaled.jpg","contentUrl":"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/04\/Beirut.com-Logo-scaled.jpg","width":2560,"height":1044,"caption":"Beirut.com, SA"},"image":{"@id":"https:\/\/www.beirut.com\/ar\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/beirutcityguide","https:\/\/x.com\/beirutcityguide"]}]}},"_links":{"self":[{"href":"https:\/\/www.beirut.com\/en\/wp-json\/wp\/v2\/posts\/57570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.beirut.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.beirut.com\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.beirut.com\/en\/wp-json\/wp\/v2\/comments?post=57570"}],"version-history":[{"count":1,"href":"https:\/\/www.beirut.com\/en\/wp-json\/wp\/v2\/posts\/57570\/revisions"}],"predecessor-version":[{"id":677911,"href":"https:\/\/www.beirut.com\/en\/wp-json\/wp\/v2\/posts\/57570\/revisions\/677911"}],"wp:authorship":[{"embeddable":true,"href":"https:\/\/www.beirut.com\/en\/wp-json\/wp\/v2\/users\/180"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.beirut.com\/en\/wp-json\/wp\/v2\/media\/624880"}],"wp:attachment":[{"href":"https:\/\/www.beirut.com\/en\/wp-json\/wp\/v2\/media?parent=57570"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.beirut.com\/en\/wp-json\/wp\/v2\/tags?post=57570"},{"taxonomy":"media-embed-type","embeddable":true,"href":"https:\/\/www.beirut.com\/en\/wp-json\/wp\/v2\/media-embed-type?post=57570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}