Uber sells $400 million stake in Careem’s Super App business

  • Uber has sold a 50.03% stake in Careem’s Super App business for $400 million.
  • The buyer is Emirates Telecommunications Group Company, now known as e&.
  • Careem is a Middle East-based ride-hailing company that Uber bought in 2019.
  • The new startup will be backed by the $400 million from Emirates Telecommunications.
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