{"id":626564,"date":"2018-07-05T04:02:14","date_gmt":"2018-07-05T04:02:14","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/05\/uber-and-careem-not-in-talks-to-merge-says-careem-spokesperson\/"},"modified":"2018-07-05T04:02:14","modified_gmt":"2018-07-05T04:02:14","slug":"uber-and-careem-not-in-talks-to-merge-says-careem-spokesperson","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/05\/uber-and-careem-not-in-talks-to-merge-says-careem-spokesperson\/","title":{"rendered":"Uber and Careem not in talks to merge, says Careem spokesperson"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Ride-hailing apps Uber and Careem are not in talks over a potential merger or acquisition,<\/strong> Careem spokesperson Maha Aboul Enein <a href=\"http:\/\/almalnews.com\/Story\/381377\/17\/-%D9%83%D8%B1%D9%8A%D9%85-%D9%85%D9%81%D8%A7%D9%88%D8%B6%D8%A7%D8%AA-%D8%A7%D8%B3%D8%AA%D8%AD%D9%88%D8%A7%D8%B0-%D8%A3%D9%88%D8%A8%D8%B1-%D8%B9%D9%84%D9%89-%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A9-%D8%A5%D8%B4%D8%A7%D8%B9%D8%A9\">told Al Mal yesterday<\/a>. Bloomberg had <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/04\/what-were-tracking-on-04-july-2018\/\">reported late on Tuesday night<\/a> that the ride-sharing companies were discussing a potential consolidation that could either see them merge their operations or see Uber fully acquire it Middle Eastern rival. Aboul Enein dismissed the news as a \u201crumor,\u201d claiming that Careem is trying to build its own leading platform in the Arab World and working to expand into new markets and bolster its presence in existing ones. We had heard that Careem was close to closing a new funding round meant to \u201cbolster its position as Uber\u2019s largest competitor in a fast-growing market.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ride-hailing apps Uber and Careem are not in talks over a potential merger or acquisition, Careem spokesperson Maha Aboul Enein told Al Mal yesterday. Bloomberg had reported late on Tuesday night that the ride-sharing companies were discussing a potential consolidation that could either see them merge their operations or see Uber fully acquire it Middle [&hellip;]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-626564","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"20e1be87-03fd-4246-8c09-5679b1caae83","order":"0","is_powered_by":true,"section_story_id":"a3795e0a-f49a-47e2-8dea-97c6fac91b20","story_type":"1","photo_url":"","photo_position":"above","related_issue":[626551],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Uber and Careem not in talks to merge, says Careem spokesperson - 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\/2018\/07\/05\/uber-and-careem-not-in-talks-to-merge-says-careem-spokesperson\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Uber and Careem not in talks to merge, says Careem spokesperson\" \/>\n<meta property=\"og:description\" content=\"Ride-hailing apps Uber and Careem are not in talks over a potential merger or acquisition, Careem spokesperson Maha Aboul Enein told Al Mal yesterday. Bloomberg had reported late on Tuesday night that the ride-sharing companies were discussing a potential consolidation that could either see them merge their operations or see Uber fully acquire it Middle [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/05\/uber-and-careem-not-in-talks-to-merge-says-careem-spokesperson\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-05T04:02:14+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\/2018\/07\/05\/uber-and-careem-not-in-talks-to-merge-says-careem-spokesperson\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/05\/uber-and-careem-not-in-talks-to-merge-says-careem-spokesperson\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Uber and Careem not in talks to merge, says Careem spokesperson\",\"datePublished\":\"2018-07-05T04:02:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/05\/uber-and-careem-not-in-talks-to-merge-says-careem-spokesperson\/\"},\"wordCount\":132,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/05\/uber-and-careem-not-in-talks-to-merge-says-careem-spokesperson\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/05\/uber-and-careem-not-in-talks-to-merge-says-careem-spokesperson\/\",\"name\":\"Uber and Careem not in talks to merge, says Careem spokesperson - 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Couched in the verbiage of the agency, the ECA noted in a statement to the press (pdf) that it\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":621902,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/21\/careem-in-talks-with-adviser-on-potential-uber-merger\/","url_meta":{"origin":626564,"position":2},"title":"Careem in talks with adviser on potential Uber merger","author":"enterpriseam admin","date":"21 November 2018","format":false,"excerpt":"M&A WATCH- Uber, Careem merger talks appear to be in advanced stages despite Egyptian Competition Authority warning: Dubai-based ride-hailing operator Careem is using investment bank Jefferies as an advisor on a potential merger with Uber, three inside sources told Reuters. 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