Uber sells $400m stake in Careem super app business

Careem, the Middle East-based ride-hailing company that Uber bought in 2019, is spinning out its super app business into a new startup backed with $400 million from Emirates Telecommunications Group Company. Emirates Telecommunications, the UAE telco giant that is now known as e&, said Monday it reached an agreement with Uber to buy a 50.03% […] Uber sells $400m stake in Careem super app business by Kirsten Korosec originally published on TechCrunch...