Uber Set to Acquire Dubai-based Careem for $3.1 Billion

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ChinesePod News - March 26, 2019

Uber Technologies Inc. is finalizing a $3.1 billion cash-and-share deal to acquire its Dubai-based competitor, Careem Networks FZ. The deal precedes Uber’s much anticipated initial public offering. Analysts predict Uber’s listing to be one of the biggest in the history of the New York Stock Exchange.

Vocabulary

敲定: to make a final decision

报导: report

透露: to leak or divulge

机密: confidential

募股: to raise capital by floating shares

Vocabulary

敲定: to make a final decision

報導: report

透露: to leak or divulge

機密: confidential

募股: to raise capital by floating shares

News Transcript

共享出行巨头Uber将敲定以现金和股票总值31亿美元,收购其中东竞争对手Careem。

此交易可能最早于周二公布。

根据彭博报导,Uber向Careem提出,支付现金14亿美元,以及17亿美元可转换债券,按每股55美元的价码转换为Uber股票。

彭博的消息提供者不愿透露身份,因双方的协商内容仍属机密。

Careem于2012年由两位前麦肯锡咨询公司的顾问成立,目前为中东地区最有价值的创业公司之一。

根据Careem的官方网站,其在全球15个国家有逾100万名司机。

Uber和Careem在中东、南亚及北非地区,皆为打车和外送市场的竞争对手。

Uber预计在四月启动首次公开募股(IPO),而收购案将在此之前完成。

该公司的估价可能高达1200亿美元,有望成为纽约证券交易所有史以来,前五名最大规模上市交易之一。

News Transcript

共享出行巨頭Uber將敲定以現金和股票總值31億美元,收購其中東競爭對手Careem。

此交易可能最早於周二公布。

根據彭博報導,Uber向Careem提出,支付現金14億美元,以及17億美元可轉換債券,按每股55美元的價碼轉換為Uber股票。

彭博的消息提供者不願透露身份,因雙方的協商內容仍屬機密。

Careem於2012年由兩位前麥肯錫諮詢公司的顧問成立,目前為中東地區最有價值的創業公司之一。

根據Careem的官方網站,其在全球15個國家有逾100萬名司機。

Uber和Careem在中東、南亞及北非地區,皆為打車和外送市場的競爭對手。

Uber預計在四月啟動首次公開募股(IPO),而收購案將在此之前完成。

該公司的估價可能高達1200億美元,有望成為紐約證券交易所有史以來,前五名最大規模上市交易之一。

Uber Technologies Inc. is finalizing a $3.1 billion cash-and-share deal to acquire its Middle Eastern competitor, Careem Networks FZ.

The deal may be announced as early as Tuesday.

As reported in Bloomberg, Uber has offered Careem $1.4 billion in cash in addition to $1.7 billion in notes that will be convertible to Uber shares at $55 per share.

Bloomberg’s informants requested anonymity because the talks remain confidential.

Careem was founded by two former McKinsey consultants in 2012 and is now one of the most valuable startups in the Middle East.

According to Careem’s website, the company employs over a million drivers across 15 countries.

Uber and Careem compete in passenger and food transport in the Middle East, south Asia, and north Africa.

The deal between Uber and Careem precedes Uber’s hotly anticipated initial public offering, which it is expected to file in April.

The company may be valued at as much as $120 billion, which would situate its listing among the five largest ever seen on the New York Stock Exchange.

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