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Uber buys its biggest rival in the Middle East

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Uber acquires Middle East ridesharing firm CareemBy buying its largest rival in the Middle East, Uber on Tuesday became the dominant ride-share service in some of the world's busiest and fastest-growing cities. Uber said that it will buy former rival Careem in a move that willcost the U.S. ridesharing company $3.1 billion. For Uber, it's a step toward global growth and it saw the Careem brand as...

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