It's official! Congrats to all involved. This is a landmark acquisition for the region.

Uber announces $3.1 billion deal to buy Middle East rival Careem https://t.co/CTFZMfomcx

— Cem Sertoglu (@csertoglu) March 26, 2019

Uber Splashes $3.1 Billion in First-Ever Acquisition of Dubai Rival Careem.#acquisitions #Uber #careem #leadership #ecommerce #startups #Entrepreneurship #economyhttps://t.co/LSNlXuF1Ad

— Neovibe Technologies (@NeovibeTech) March 26, 2019

BREAK: Uber strikes deal to buy Dubai-based Careem for $3.1 billion in a combination of convertible notes and cash. Careem CEO Mudassir Sheikha will stay on to lead the business, and both companies will continue to operate as independent brands. https://t.co/iAQofL3Uhe

— Ryan Browne (@Ryan_Browne_) March 26, 2019

1st time ever Uber buys local champion Careem for $3.1B in Middle-East. Good outcome for Careem investors :)https://t.co/dO1ffSg7oK

— Martin Villig (@waldec) March 26, 2019

This just proves if you can't beat 'em, buy 'em! ? Now @Uber will ruin @careem. ?

I have yet to hear a good word about @Uber_PKR from either captains or passengers whereas everyone loves @CareemPAK. Uber didn't stand a chance without the buyout.https://t.co/tD4Z5LPSGI

— The Sarritorialist (@Sarritorialist) March 26, 2019

Uber announces $3.1 billion deal to buy Middle East rival #Careem in biggest tech transaction in the region's history. Careem to preserve brand& become #Uber subsidiary w/ own board. Deal expected to close Q1 2020 https://t.co/DV7WSfCTfe @_HadleyGamble @Ryan_Browne_ @dan_murphy

— Natasha Turak (@NatashaTurak) March 26, 2019

Uber is buying Careem, the biggest ride-hailing app in the Middle East https://t.co/Zymj5BEQC3

— CNN International (@cnni) March 26, 2019

Uber takes over Careem for $3.1B, widening the ride-hailing giant’s presence in the Middle East and ending a costly market-share battle. Uber plans to keep the Careem brand in tact. https://t.co/VqCQrOW7Oz via @WSJ with @eliotwb

— Nicolas Parasie (@NicolasParasie) March 26, 2019

? @Uber buys @Careem for $3.1B to conquer Middle East market. https://t.co/Cm5rptmmyM

— Mahdi Taghizadeh (@mahdi) March 26, 2019

▪️Had a hunch since 2015 that Careem will head the Uber way. And here it is▪️

Uber Buys Careem for $3.1 Billion to Conquer Middle East Market. https://t.co/ZO77YCEOpt

— Danish Manzoor | ದಾನಿಷ್ | دانش (@TellDM) March 26, 2019

The real Big Day is finally here! Biggest acquisition in the history of tech in MENA - Extremely proud of everyone at Uber and big congrats for everyone at Careem for their achievements.
Welcome to the Uber family! https://t.co/drXylb9fck

— Tino (@tinowaked) March 26, 2019

Woahhttps://t.co/yQwn4cXkCG

— Anirudh Narayan (@_AnirudhNarayan) March 26, 2019

This is huge. @uber is buying ⁦@careem⁩ for $3.1 Billion! Expanding into the Dubai market, acquiring over 400 million new users shortly before releasing their IPO. https://t.co/ann8bOzWTu

— Christian (@chharsvi) March 26, 2019

Excited we've agreed to acquire @Careem, one of the Middle East’s greatest success stories—a testament to Dubai’s role as a global hub of innovation and entrepreneurship. We look forward to continuing our journey in the region in the years ahead! https://t.co/FX3BgIAUMw

— dara khosrowshahi (@dkhos) March 26, 2019

We're proud to announce we’ve agreed to acquire @Careem, one of the Middle East’s most successful startups. We’re excited to partner with @Careem to better serve the region and maintain a tailored local experience for mobility, delivery and payments. More: https://t.co/aXWaEvN6jj

— Uber Comms (@Uber_Comms) March 26, 2019

Uber has owned:

100% of Careem
37% of Yandex
28% of Grab
20% of Didi
0% of Lyfthttps://t.co/x22t1ywh07

— Teddy Schleifer (@teddyschleifer) March 26, 2019

BREAK: Uber strikes deal to buy Dubai-based Careem for $3.1 billion in a combination of convertible notes and cash. Careem CEO Mudassir Sheikha will stay on to lead the business, and both companies will continue to operate as independent brands. https://t.co/iAQofL3Uhe

— Ryan Browne (@Ryan_Browne_) March 26, 2019

Uber acquires Careem for $3.1 billion to dominate ride-hailing in the Middle East https://t.co/hnXJKZ6qmj

— TNW (@thenextweb) March 26, 2019

Uber acquires Careem for $3.1 billion to dominate ride-hailing in the Middle East https://t.co/uiSTLcq0b2

— TNW (@thenextweb) March 26, 2019

Uber buys rival Careem in $3.1 billion deal to dominate ride-hailing in Middle Easthttps://t.co/8jJcbjftFz

— ناصر غانم‌زاده ? (@ghanemzadeh) March 26, 2019

Uber buys rival Careem in $3.1 billion deal to dominate ride-hailing in Middle East - Reutershttps://t.co/6KazEjBfZf

— Open Outcrier (@OpenOutcrier) March 26, 2019

Uber buys rival Careem in $3.1 billion deal to dominate... https://t.co/e86YNuirNg #DNAX $DNAX #RIDESHARE #UBER #LYFT #IPO #Careem #ridesharerental.com #rentourcars #fleet

— DNA Brands Inc $DNAX (@dnabrandsinc) March 26, 2019

We're proud to announce we’ve agreed to acquire @Careem, one of the Middle East’s most successful startups. We’re excited to partner with @Careem to better serve the region and maintain a tailored local experience for mobility, delivery and payments. More: https://t.co/aXWaEvN6jj

— Uber Comms (@Uber_Comms) March 26, 2019

Excited we've agreed to acquire @Careem, one of the Middle East’s greatest success stories—a testament to Dubai’s role as a global hub of innovation and entrepreneurship. We look forward to continuing our journey in the region in the years ahead! https://t.co/FX3BgIAUMw

— dara khosrowshahi (@dkhos) March 26, 2019

Uber officially announces its $3.1 billion purchase of Careem. https://t.co/zBLGvWqQB5

— Teddy Schleifer (@teddyschleifer) March 26, 2019

? Congratulations to the @Careem team led by @MudassirSheikha for this great news with @uber

? We are very proud to support you and have been since 2013 : what a growth and history !

? More information ➡️ https://t.co/sCQuuT8zj4

cc @stcventures #IrisDay pic.twitter.com/Hc873aDNFe

— Iris Capital (@Iris_Capital) March 26, 2019

.@careem team - welcome to @Uber!
https://t.co/MSOBS3cFY8

— manikgupta (@manikgupta) March 26, 2019

Two years after a first close, 500 Startups wraps its Middle East fund with $33 million. Congrats to the team @500StartupsMENA and proud to be a portfolio company @selbadawi @Hasmanh https://t.co/kyNzPXU2SX via @techcrunch

— Philip Bahoshy (@pbahoshy) March 26, 2019

Two years after a first close, 500 Startups wraps its Middle East fund with $33 million https://t.co/xA5hXncSYo pic.twitter.com/KsGz7a6Fmq

— Rich Tehrani (@rtehrani) March 26, 2019

Congratulations to Careem, the Ecosystem and everyone else involved. Glad BECO Capital is part of this historic exit. May this fuel the entire MENA region! https://t.co/3kwokcgKcv

— Firas Alnaji (@FirasAlnaji) March 26, 2019

Uber’s deal for Careem will widen the ride-hailing giant’s presence in a region of 400 million people and ends a costly market-share battle https://t.co/tBerDjMZFg via @WSJ #business #RideSharing #Uber

— Danita Blackwood (@DanitaBlackwood) March 26, 2019

Uber’s deal for Careem will widen the ride-hailing giant’s presence in a region of 400 million people and ends a costly market-share battle https://t.co/1wFc3mwMLd

— Hazza Alkaabi (@HazzaRAlkaabi) March 26, 2019

Uber acquires Careem for $3.1 billion to dominate ride-hailing in the Middle East https://t.co/OGMOrp981A

— TNW (@thenextweb) March 27, 2019

Uber acquires Careem for $3.1 billion to dominate ride-hailing in the Middle East https://t.co/Fmcn6cEPg8

— TNW (@thenextweb) March 26, 2019

Uber buys rival Careem in $3.1 billion deal to dominate... https://t.co/iIv2IJP0sp

— Greg Roumeliotis (@GregRoumeliotis) March 26, 2019

Congrats @MudassirSheikha @Careem and the entire team on the acquisition by @Uber @dkhos !
Uber to Acquire Careem To Expand the Greater Middle East Regional Opportunity Together https://t.co/k2TJet0PGR#tech #Entrepreneurship #MENA #Dubai

— SN (@SepidehN) March 27, 2019

Very exciting development for @Uber in the Middle East! ? @Careem https://t.co/9wJp2unDrw

— Austin Geidt (@austingeidt) March 26, 2019

Uber to Acquire Careem To Expand the Greater Middle East Regional Opportunity Together https://t.co/rH7jp4ct4q

— Freddie Klifman (@FreddieKlifman) March 26, 2019