Report: Ober's close acquisition of his rival in the Middle East, "Karim"

According to a source close to Ober, the company is negotiating the acquisition of its rival in the Middle East. "Karim" is being finalized to control the hold on the delivery services sector in the region.

The acquisition is expected to be through cash and equity investments in a $ 3 billion transaction. Ober is expected to announce this acquisition in the coming weeks, according to the source, who said the deal was being finalized.

Karim is one of the largest emerging technology companies in the Middle East with a value of one billion dollars after the 2016 funding round. The two companies conducted preliminary consultations last July to study their customer services in a common system in the Middle East to organize and resolve their competitive disputes. L & # 39; arena.

Ober continues to invest in a number of areas, including food delivery, logistics, e-bikes and autonomous driving systems. This acquisition is part of its expansion plan, which assumes total control of more than 100 cities serving Karim.