{"id":117777,"date":"2026-06-02T00:00:00","date_gmt":"2026-06-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?p=117777"},"modified":"2026-06-02T03:03:10","modified_gmt":"2026-06-02T03:03:10","slug":"e-sells-careem-stake-to-uber-and-opens-up-a-path-for-uber-to-fully-own-careem-again","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2026\/06\/02\/e-sells-careem-stake-to-uber-and-opens-up-a-path-for-uber-to-fully-own-careem-again\/","title":{"rendered":"e& sells Careem stake to Uber and opens up a path for Uber to fully own Careem again"},"content":{"rendered":"

Uber <\/strong>could end up owning all of Careem again. <\/strong>Telco e& inked an agreement to sell a 12.5% stake in Careem Technologies \u2014 Careem\u2019s super-app unit \u2014 for USD 100 mn to Uber, in a transaction that comes with future buy-sell options attached, opening the door for Uber to eventually become the sole owner of the entirety of Careem\u2019s operations, according to a press release (pdf)<\/a>. <\/p>\n

BACKGROUND- <\/strong>Careem\u2019s ride-hailing business has remained fully owned by Uber since its USD 3.1 bn acquisition in 2019. In 2023<\/a>, the company spun out its broader super-app operations into Careem Technologies and sold a 50.03% stake to e& for USD 400 mn. <\/p>\n

How it would work: <\/strong>The transaction cuts e&\u2019s stake in Careem Technologies to 37.53%, down from 50.03%. Under the agreement, e& holds a put option allowing it to require Uber to buy its remaining stake, while Uber has a matching call option that would let it force a sale. Both options become exercisable between December 2031 and January 2032. <\/p>\n

This is a neat exit ramp for e& \u2014 and a strategic option to<\/strong> give Uber full control of its once-Middle East-rival.<\/strong> Reuniting the super app with the ride-hailing business it already owns would give it a fully integrated platform across one of its most important emerging-market corridors \u2014 and remove the operational complexity of running the two sides of Careem under split ownership.<\/p>\n

The move also comes as Uber looks to take over another industry ri<\/strong>val<\/strong>, Germany\u2019s Delivery Hero, after tabling a USD 38.29-per share proposal<\/a> last month. It\u2019s also been raising its stake in the firm, acquiring an additional stake that gave it a 37% position ahead of the takeover bid. <\/p>\n","protected":false},"excerpt":{"rendered":"

The acquisition comes almost three years after Careem spun out its super app operations into a separate unit, in which e& had invested USD 400 mn<\/p>\n","protected":false},"author":1,"featured_media":117778,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[2392],"tags":[84,7,25,1344,60,1059],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-117777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-e","tag-enterpriseam-uae","tag-investment-watch","tag-ma","tag-ma-watch","tag-uber","wpautop","entry"],"acf":{"mongo_id":"22a13121-4c44-43a5-a037-4eca4343bc79","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/1168.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Uber could reclaim full ownership of Careem under a new agreement with e&","related_issue":[117769],"teaser":"The acquisition comes almost three years after Careem spun out its super app operations into a separate unit, in which e& had invested USD 400 mn"},"yoast_head":"\ne& sells Careem stake to Uber and opens up a path for Uber to fully own Careem again - UAE<\/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\/uae\/2026\/06\/02\/e-sells-careem-stake-to-uber-and-opens-up-a-path-for-uber-to-fully-own-careem-again\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"e& sells Careem stake to Uber and opens up a path for Uber to fully own Careem again\" \/>\n<meta property=\"og:description\" content=\"The acquisition comes almost three years after Careem spun out 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