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imjennifer  
#1 Posted : Monday, August 12, 2019 6:45:56 PM(UTC)
imjennifer

Rank: Advanced Member

Groups: Registered
Joined: 5/29/2019(UTC)
Posts: 58
United States
Location: Fresno

Uber - Careem merger

The merger is in the advanced stages of talks right now. The ministry at the United Arab Emirates has made it clear that the merger will happen soon. The progress towards the merger is happening at a slow-yet-steady pace.

However, the biggest impact can be expected where new local competitions sprout. With the availability of Uber like app development, it is not a big hassle for competitors to enter the market guns blazing.

What has Uber Got to Gain?

An acquisition of this magnitude is expected to benefit both the parties. There are a couple of benefits that Uber gains by merging with Careem.

Uber went public early this year. One of the biggest requirements of an IPO is that you will need to have exhibited continuous growth as a company. However, with all the legal hassles and the handling of local competition, it hasn't been a smooth ride for Uber. The acquisition of Careem would have been expected to help in showcasing their consistency.

Learn more about how new entrants can easily launch an app here & much more about this merger here,  Uber & Careem merger
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