Uber offers $750 million junk bonds to help finance acquisition of Careem
Uber Technologies is selling junk bonds to help finance its acquisition of Careem in its first debt offering as a public company. The ride-sharing company is looking to issue $750 million of debt due in 2027, according to a statement Thursday. Proceeds will be used to help fund its $3.1 billion purchase of Careem, a […]
Uber to buy Mideast rival Careem for $3.1 billion
DUBAI: Global ride-hailing service Uber will acquire its Middle East rival Careem for 3.1 billion, the two companies announced on Tuesday. “Careem and Uber are joining forces. We have reached an agreement in which Uber will acquire Careem for 3.1 billion,” a joint statement said. Under the deal, Careem will become a wholly owned subsidiary […]