ISLAMABAD – Uber’s acquisition of Careem is expected to bring in more thanhalf a billion dollars in investment in Pakistan, Careem officials toldProPakistani.
The amount includes the investment value of employees’ stock options andshares, and other related assets of Careem in Pakistan.
The deal between the two ride-hailing companies has settled at $3.1billion. Careem’s operations are spreading in different countries of theMiddle East including Pakistan. According to the plan, Uber will take overCareem as its subsidiary however the company will remain functional as anindependent organization.
Careem’s leadership is excited about its expansions in Pakistan as it isgoing to launch a bus service in the next three months aimed at differentstrata of the society for meeting their needs of commuting and travelingwithin the city and within the country, said Asad Haider Khan GeneralManager South at Careem during a recent media meet-up in Karachi.
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Accordingly, customers will be able to book their seats in the busesthrough Careem’s App and reach their nearby stops at the given time.
