Written By: Alexander Kamenskiy North American Companies to watch: 1. Uber On March 25, 2019, Uber Technologies Inc. announced that it will pay $1.4 billion in cash and $1.7 billion in convertible notes in its biggest deal that will grant it full ownership of leading Middle Eastern competitor Careem. This agreement comes after more than 9 months of gruelling negotiations that leave the Careem Brand, App and founding directors’ positions in-tact. This much-needed victory for Uber complements the company’s plans to IPO during the next month. The deal enables Uber to claim dominance in a region with a growing demand for ride-hailing services outside of the United States. This is crucial as the company has recently sold its Chinese, Russian and Southeast Asian operations after sustaining heavy losses and investors are beginning to question whether the company is truly a global competitor. The company hopes to leverage this claim when … Continue reading Story of Interest