Uber is spinning out part of its Careem brand, with UAE company e& investing $400 million for a majority stake in the spinout. Uber bought the Careem ride-hailing service for $3.1 billion in 2019. Uber will retain ownership of Careem…

Uber is spinning out part of its Careem brand, with UAE company e& investing $400 million for a majority stake in the spinout. Uber bought the Careem ride-hailing service for $3.1 billion in 2019. Uber will retain ownership of Careem…