Saudi Arabia: GAC Investigation into the proposed acquisition of Careem by Uber
Progress
Current status
concluded
10 Feb 2021 concluded
Scope
Implementers
Saudi Arabia
Policy Area
Competition
Policy Instrument
Merger control regulation
Regulated Economic Activity
platform intermediary: other
Government Branch
executive
Government Body
competition authority
Implementation Level
national
Timeline of events
Issued GAC Ruling Approving Proposed Acquisition of Careem by Uber with Conditions
On 10 February 2021, the General Authority for Competition (GAC) issued a ruling in its investigation of the proposed acquisition of Careem Inc. by Uber Inc. GAC did not find concerns for constraints of competition and approved the acquisition with …
SourceEvent type
investigation
Action type
closure
Government branch
executive
Government body
competition authority