{"id":596961,"date":"2019-07-14T04:15:39","date_gmt":"2019-07-14T04:15:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/eca-extends-technical-examination-period-of-uber-careem-merger\/"},"modified":"2019-07-14T04:15:39","modified_gmt":"2019-07-14T04:15:39","slug":"eca-extends-technical-examination-period-of-uber-careem-merger","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/eca-extends-technical-examination-period-of-uber-careem-merger\/","title":{"rendered":"ECA extends technical examination period of Uber-Careem merger"},"content":{"rendered":"

<\/a> ECA gives itself more time to rule in Uber-Careem merger: <\/b>The Egyptian Competition Authority (ECA) has extended the period during which it is studying Uber\u2019s recent USD 3.1 bn acquisition of Careem<\/a> by an additional 60 days, according to an ECA statement<\/a>. The watchdog originally said it would take 60 working days to examine the economic impact of the merger when the agreement was first announced at the end of March. However, it says it now needs additional time to continue its investigation and study the responses of other companies. Both companies have been notified of the extension, the ECA said, adding that they have committed to operating separately until a decision is reached.<\/p>\n

Background:<\/b> The merger has been met with different responses in the Middle East. Emirati Economy Minister Sultan bin Saeed Al Mansouri last month<\/a> gave \u201cunconditional approval\u201d to the acquisition. Meanwhile, the ECA said that the agreement could \u201clead to a significant impediment on effective competition in the markets\u201d and has threatened<\/a> each company with a fine of up to EGP 500 mn.<\/p>\n","protected":false},"excerpt":{"rendered":"

ECA gives itself more time to rule in Uber-Careem merger: The Egyptian Competition Authority (ECA) has extended the period during which it is studying Uber\u2019s recent USD 3.1 bn acquisition of Careem by an additional 60 days, according to an ECA statement. The watchdog originally said it would take 60 working days to examine the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[442,549,72,7128,328,2380,441],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-596961","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-careem","tag-egyptian-competition-authority","tag-enterpriseam","tag-ma-watch","tag-ride-hailing","tag-speed-round","tag-uber","wpautop","entry"],"acf":{"mongo_id":"fda82fb2-db34-443a-999d-1a129ff6e7b8","is_powered_by":true,"section_story_id":"7c9d550d-f2b3-4ae8-b405-9c2cec1f0f73","story_type":"1","photo_url":"","photo_position":"above","related_issue":[596948],"teaser":"","voice_url":""},"yoast_head":"\nECA extends technical examination period of Uber-Careem merger - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/eca-extends-technical-examination-period-of-uber-careem-merger\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ECA extends technical examination period of Uber-Careem merger\" \/>\n<meta property=\"og:description\" content=\"ECA gives itself more time to rule in Uber-Careem merger: The Egyptian Competition Authority (ECA) has extended the period during which it is studying Uber\u2019s recent USD 3.1 bn acquisition of Careem by an additional 60 days, according to an ECA statement. The watchdog originally said it would take 60 working days to examine the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/eca-extends-technical-examination-period-of-uber-careem-merger\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-14T04:15:39+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/eca-extends-technical-examination-period-of-uber-careem-merger\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/eca-extends-technical-examination-period-of-uber-careem-merger\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"ECA extends technical examination period of Uber-Careem merger\",\"datePublished\":\"2019-07-14T04:15:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/eca-extends-technical-examination-period-of-uber-careem-merger\/\"},\"wordCount\":181,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Careem\",\"Egyptian Competition Authority\",\"EnterpriseAM\",\"M&A Watch\",\"ride-hailing\",\"SPEED ROUND\",\"Uber\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/eca-extends-technical-examination-period-of-uber-careem-merger\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/eca-extends-technical-examination-period-of-uber-careem-merger\/\",\"name\":\"ECA extends technical examination period of Uber-Careem merger - 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The news suggests Careem and Uber are ignoring a sharp\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":602524,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/31\/eca-launches-poll-to-assess-effects-of-uber-careem-acquisition-agreement\/","url_meta":{"origin":596961,"position":3},"title":"ECA launches poll to assess effects of Uber, Careem acquisition agreement","author":"enterpriseam admin","date":"31 March 2019","format":false,"excerpt":"Competition authority launches polls on Uber-Careem tie-up: The Egyptian Competition Authority (ECA) has launched two opinion polls for drivers and users of ride-hailing apps to analyse the effects of Uber\u2019s recent USD 3.1 bn acquisition agreement with Careem, according to two separate ECA statements (a driver\u2019s survey and a rider\u2019s\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":624270,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/04\/uber-careem-get-blunt-public-warning-from-competition-authority\/","url_meta":{"origin":596961,"position":4},"title":"Uber, Careem get blunt, public warning from Competition Authority","author":"enterpriseam admin","date":"4 September 2018","format":false,"excerpt":"Competition watchdog gives Uber, Careem get blunt, public warning against merger: The Egyptian Competition Authority (ECA) took the relatively unusual step yesterday of publicly warning Uber and Careem against a merger. 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