Officially announced that Ober has acquired Karim in a $ 3.1 billion contract

Today announced the official acquisition of Ober on Karim under a $ 3.1 billion contract, according to CNN.

A little earlier, Prince Alwaleed bin Talal, on his Twitter account, said: "KHC supports the $ 1.13 billion deal between @ber and Careem.
Ober Transport announced that it would buy all Karim's activities in the areas of passenger transport, delivery and payment in the Greater Middle East, from Morocco to Pakistan.
According to a statement from Reuters, the company will spend for the purchase of its rival in the Middle East, "Karim", under a deal worth 3, $ 1 billion, is expected to finalize the agreement "Karim" in the first quarter of 2020.
Karim added that Karim would become a wholly owned subsidiary of Ober, operating as an independent company under the Karim brand, led by its founders.

Update:

Karim publishes an important statement for the benefit of its customers about its future as a transport company in the region.