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The company "Ober" is at an advanced stage of negotiations to buy his rival in the Middle East, "Karim Networks".
According to the report, the two companies could announce in the coming weeks an agreement in the form of cash and shares, which would give a value of 3 billion dollars to Karim Dubai, based in Dubai.
Ober and Karim did not respond to Reuters' request for comment.
Ober, which becomes a public company this year, is looking for new ways to grow while facing fierce competition in its core passenger services sector.
Sources reported that Ober had received estimates from bankers managing the company's initial public offering, according to which its value could reach $ 120 billion.
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