Surprise … "Ober" in the process of acquiring the "cream"

The US tax company Ober is about to buy his rival in the Middle East, Karim.

The agency quoted sources close to the negotiations, saying that Ober had reached an advanced stage of negotiations to buy his rival in the Middle East, Karim Networks, based in Dubai.

According to Bloomberg, Ober and Karim are expected to announce the signing of a major deal that would allow Ober to take control of the global private transport market.

Uber is in advanced discussions for the purchase of rival Caret, based in Dubai, https://t.co/pKaHoxIBVA

– Bloomberg (@business) February 28, 2019

The sources said the transaction would be in the form of cash and shares, to bring the value of "Karim" to 3 billion USD.

Bloomberg said he had refused any manager in Ober and Karim to reveal all the details of the deal.

Karim currently has a market capitalization of around $ 1 billion and is owned by Prince Alwaleed Bin Talal and Japanese Rakuten.

Karim currently has over one million drivers and operates in more than 100 cities in the Middle East.