{"id":11170,"date":"2026-06-03T09:34:39","date_gmt":"2026-06-03T09:34:39","guid":{"rendered":"https:\/\/villpress.com\/?p=11170"},"modified":"2026-06-03T09:35:00","modified_gmt":"2026-06-03T09:35:00","slug":"e-sells-100-million-stake-in-careem-technologies-to-uber","status":"publish","type":"post","link":"https:\/\/villpress.com\/fr\/e-sells-100-million-stake-in-careem-technologies-to-uber\/","title":{"rendered":"e&amp; Sells $100 Million Stake in Careem Technologies to Uber"},"content":{"rendered":"<p class=\"wp-block-paragraph\"><a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/villpress.com\/goto\/https:\/\/www.eand.com\/en\/index.html\">e&amp; <\/a>(formerly Etisalat) has agreed to sell a 12.5% stake in<a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/villpress.com\/goto\/https:\/\/www.careem.com\/en-AE\/\"> Careem Technologies <\/a>to <a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/villpress.com\/goto\/https:\/\/www.uber.com\/global\/en\/sign-in\/\">Uber<\/a> Technologies for $100 million in cash, reducing its ownership from 50.03% to 37.53% while allowing Uber to strengthen its control over the regional super app.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The binding agreement was announced on June 1, 2026. The transaction is subject to regulatory approvals and customary closing conditions. Upon completion, Uber will regain a controlling stake in Careem Technologies, reversing the 2023 deal in which e&amp; had acquired majority ownership for $400 million.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The move allows the UAE telecom giant to realise part of its investment in Careem while retaining a significant minority stake of 37.53%. e&amp; stated that the sale aligns with its strategy to optimise its portfolio, focus on core telecommunications and technology businesses, and maintain exposure to high-growth digital platforms.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The two parties have also agreed on reciprocal options regarding e&amp;\u2019s remaining shares, which can be exercised between December 2031 and January 2032.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For Uber, the transaction strengthens its position in one of its most important international markets. Careem operates as a super app across the Middle East, offering ride-hailing, delivery, payments, and other services. The additional capital and increased ownership will support Careem\u2019s expansion plans and product development in the region.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Careem Technologies was spun out from Uber in 2023 as a separate entity focused on building a broader super app, with e&amp; coming in as the majority investor at the time. This latest deal brings the ownership structure closer to Uber\u2019s original vision while keeping e&amp; as a key strategic partner.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This development reflects the evolving dynamics in the Middle East\u2019s digital services market, where global players like Uber continue to consolidate their positions while regional investors like e&amp; selectively adjust their portfolios for better capital efficiency.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/villpress.com\/support-villpress\/\"><img loading=\"lazy\" decoding=\"async\" width=\"926\" height=\"365\" src=\"https:\/\/villpress.com\/wp-content\/uploads\/2026\/05\/Support-Villpress-Journalism-new.png\" alt=\"Support Villpress Journalism\" class=\"wp-image-10783\" \/><\/a><\/figure>","protected":false},"excerpt":{"rendered":"<p>e&amp; (formerly Etisalat) has agreed to sell a 12.5% stake in Careem Technologies to Uber Technologies for $100 million in cash, reducing its ownership from 50.03% to 37.53% while allowing Uber to strengthen its control over the regional super app. The binding agreement was announced on June 1, 2026. The transaction is subject to regulatory [&hellip;]<\/p>\n","protected":false},"author":31579,"featured_media":11171,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"footnotes":""},"categories":[105],"tags":[2026,2027],"ppma_author":[452],"class_list":["post-11170","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","tag-careem","tag-uber"],"authors":[{"term_id":452,"user_id":31579,"is_guest":0,"slug":"estherspeaks","display_name":"Esther Speaks","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/cdcaf0f94087bbfcad372d974a1a697382dc93112457104ff6535cf4984ea4de?s=96&d=mm&r=g","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/villpress.com\/fr\/wp-json\/wp\/v2\/posts\/11170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/villpress.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/villpress.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/villpress.com\/fr\/wp-json\/wp\/v2\/users\/31579"}],"replies":[{"embeddable":true,"href":"https:\/\/villpress.com\/fr\/wp-json\/wp\/v2\/comments?post=11170"}],"version-history":[{"count":1,"href":"https:\/\/villpress.com\/fr\/wp-json\/wp\/v2\/posts\/11170\/revisions"}],"predecessor-version":[{"id":11172,"href":"https:\/\/villpress.com\/fr\/wp-json\/wp\/v2\/posts\/11170\/revisions\/11172"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/villpress.com\/fr\/wp-json\/wp\/v2\/media\/11171"}],"wp:attachment":[{"href":"https:\/\/villpress.com\/fr\/wp-json\/wp\/v2\/media?parent=11170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/villpress.com\/fr\/wp-json\/wp\/v2\/categories?post=11170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/villpress.com\/fr\/wp-json\/wp\/v2\/tags?post=11170"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/villpress.com\/fr\/wp-json\/wp\/v2\/ppma_author?post=11170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}