Dh3.6 billion tech merger in Dubai: OLX and EMPG join forces
Dubai-based Emerging Markets Property Group (EMPG) and OLX, which owns listings portals dubizzle, have merged their Middle East and North Africa and South Asia operations to form a Dh3.6 billion holding company.
This is the third in a series of mega deals in Dubai’s tech/digital space over the last three years, starting with Amazon picking up Souq.com and then ride-hailing giant Uber acquiring local competitor Careem last year. And the deals just got bigger.
The common thread to all these was Dubai being the launch pad for the startups.
Read it here | Gulf News