This is how people are reacting to Careem’s acquisition news on social media

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March 25, 2019
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Uber is expected to acquire Careem in a $3.1 billion deal and this acquisition is said to be made official early next week. If this happens, it would be the 2nd biggest deal in the technology ventures within the Middle East, (the first was Amazon’s acquisition of Souq.com, a leading regional online shopping site).

As soon as the news rolled out on mainstream media outlets, people who are influenced by these services rushed on social media and expressed their opinions about the upcoming acquisition.

Some people are saying that after this acquisition standard of Careem’s services will definitely fall.

Whereas, others believe that the Middle East’s startup ecosystem is promising and such acquisitions are fruitful.

There’s a huge debate going on in the comments section of our own story, published on Facebook.

Ex-Chairman PITB Dr. Umar Saif also took notice of the upcoming acquisition and tweeted his remarks.

Most of the Twitter users have preferred Careem over Uber as they think that this acquisition will ruin the experience for Pakistani users.

This tweet hilariously depicts the feelings of Careem right now.

Some rumors also suggest that Careem’s co-founder Mudassir Sheikha will become the chief operating officer for the company in the Middle East and Africa.

Some people are saying that from this move Uber will strengthen its position in this region ahead of its Initial Public Offering (IPO) from which the company is expected to raise $10 billion later this year.

What’s your point of view on the expected acquisition? Let us know in the comments section.

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