<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0" xmlns:itunes="http://www.itunes.com/dtds/podcast-1.0.dtd" xmlns:googleplay="http://www.google.com/schemas/play-podcasts/1.0"><channel><title><![CDATA[Termsheet: Atoms]]></title><description><![CDATA[Quick insights and more on internet companies and investors in emerging markets. ]]></description><link>https://termsheet.substack.com/s/atoms</link><image><url>https://substackcdn.com/image/fetch/$s_!0ecU!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F53a0e0f3-0839-480c-b9c8-8af8e981fb65_1280x1280.png</url><title>Termsheet: Atoms</title><link>https://termsheet.substack.com/s/atoms</link></image><generator>Substack</generator><lastBuildDate>Sat, 02 May 2026 01:46:56 GMT</lastBuildDate><atom:link href="https://termsheet.substack.com/feed" rel="self" type="application/rss+xml"/><copyright><![CDATA[Zubair]]></copyright><language><![CDATA[en]]></language><webMaster><![CDATA[termsheet@substack.com]]></webMaster><itunes:owner><itunes:email><![CDATA[termsheet@substack.com]]></itunes:email><itunes:name><![CDATA[Zubair N. Paracha]]></itunes:name></itunes:owner><itunes:author><![CDATA[Zubair N. Paracha]]></itunes:author><googleplay:owner><![CDATA[termsheet@substack.com]]></googleplay:owner><googleplay:email><![CDATA[termsheet@substack.com]]></googleplay:email><googleplay:author><![CDATA[Zubair N. Paracha]]></googleplay:author><itunes:block><![CDATA[Yes]]></itunes:block><item><title><![CDATA[How much was Dubai's The Entertainer acquired for?]]></title><description><![CDATA[The details of Dubai's The Entertainer's acquisition by GFH.]]></description><link>https://termsheet.substack.com/p/the-entertainer-acquisition-details</link><guid isPermaLink="false">https://termsheet.substack.com/p/the-entertainer-acquisition-details</guid><dc:creator><![CDATA[Zubair N. Paracha]]></dc:creator><pubDate>Thu, 23 Jan 2025 13:19:26 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/9e9aa9cd-43cc-4961-9545-d06739947f92_1456x1048.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>The Entertainer, headquartered in Dubai, offers buy-one-get-one-free (2-for-1) deals to users, for restaurants, attractions, leisure activities, and hotels, through an annual subscription across mark&#8230;</p>
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          <a href="https://termsheet.substack.com/p/the-entertainer-acquisition-details">
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   ]]></content:encoded></item><item><title><![CDATA[How much of Careem (Super App) does Uber own?]]></title><description><![CDATA[The details of Careem Super App spin-off transaction between Uber, Careem, and e&]]></description><link>https://termsheet.substack.com/p/careem-super-app-uber-ownership</link><guid isPermaLink="false">https://termsheet.substack.com/p/careem-super-app-uber-ownership</guid><dc:creator><![CDATA[Zubair N. Paracha]]></dc:creator><pubDate>Thu, 23 Jan 2025 06:01:00 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/3dd216f5-5801-43ea-ab14-d6b43d2ec13a_1456x1048.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[
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          <a href="https://termsheet.substack.com/p/careem-super-app-uber-ownership">
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   ]]></content:encoded></item><item><title><![CDATA[How much was Kuwait's Carriage acquired for?]]></title><description><![CDATA[The details of Carriage's acquisition price, earnouts, and multiples]]></description><link>https://termsheet.substack.com/p/carriage-acquisition-price</link><guid isPermaLink="false">https://termsheet.substack.com/p/carriage-acquisition-price</guid><dc:creator><![CDATA[Zubair N. Paracha]]></dc:creator><pubDate>Wed, 22 Jan 2025 17:52:37 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/41590f5a-e343-4960-a6b9-0334905245e2_1456x1048.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[
      <p>
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   ]]></content:encoded></item><item><title><![CDATA[How much was UAE's InstaShop acquired for?]]></title><description><![CDATA[The details of how much InstaShop was acquired for, including earnouts and multiples]]></description><link>https://termsheet.substack.com/p/instashop-acquisition-price</link><guid isPermaLink="false">https://termsheet.substack.com/p/instashop-acquisition-price</guid><dc:creator><![CDATA[Zubair N. Paracha]]></dc:creator><pubDate>Wed, 22 Jan 2025 12:02:39 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/dbdfadda-9eb8-43b5-9399-ad92e888546b_1456x1048.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[
      <p>
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   ]]></content:encoded></item><item><title><![CDATA[Connect Ads: Revenue, Profit, and Margins (2020 - 2021)]]></title><description><![CDATA[A quick look at the financials for 2020 and 2021 of Connect Ads, the advertising solutions provider that was acquired by Aleph]]></description><link>https://termsheet.substack.com/p/connect-ads-revenue-margins-profit</link><guid isPermaLink="false">https://termsheet.substack.com/p/connect-ads-revenue-margins-profit</guid><dc:creator><![CDATA[Zubair N. Paracha]]></dc:creator><pubDate>Wed, 22 Jan 2025 05:15:27 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/5342ebe1-75d1-4e27-887f-9e87341e0ff2_1456x1048.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[
      <p>
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   ]]></content:encoded></item><item><title><![CDATA[How much was Egypt's Connect Ads acquired for?]]></title><description><![CDATA[The details of Connect Ads acquisition price and multiples.]]></description><link>https://termsheet.substack.com/p/connect-ads-acquisition-price</link><guid isPermaLink="false">https://termsheet.substack.com/p/connect-ads-acquisition-price</guid><dc:creator><![CDATA[Zubair N. Paracha]]></dc:creator><pubDate>Tue, 21 Jan 2025 03:03:25 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/d23de4b2-7ed4-4027-8194-f52418097e97_1456x1048.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[
      <p>
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