WATCH: Uber acquires Careem in biggest ever tech deal for the Middle East

The deal will eclipse Amazon’s $580 million acquisition of Souq in 2017

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Uber has agreed to buy Careem for $3.1 billion. Launched in 2012, Careem operates in 98 cities across 15 countries and Uber operates in eight of those. The ride-hailing app will be run independently under Uber.

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