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riding-hailing rival

Uber in talks to buy Dubai riding-hailing rival Careem

Ride-hailing company Uber is in talks to buy Dubai-based rival Careem for about $2 billion to $2.5 billion, Bloomberg reported here on Monday, citing people familiar with the matter. No final decisions have been made, and the companies may decide against the transaction, according to Bloomberg. Uber and Careem held preliminary talks in July to combine their Middle Eastern ride-hailing services, hoping to resolve a costly rivalry in the region, Bloomberg had previously reported. Both Careem and Uber did not…