Wednesday, March 27th, 2019

Uber Acquires a Ride-Hailing Company
Press Release

The on-demand transportation company announced that it’s agreed to acquire Careem for “$1.7 billion in convertible notes and $1.4 billion in cash.”

According to a press release, as part of the deal, Uber will acquire Careem’s “mobility, delivery, and payments businesses across the greater Middle East region, ranging from Morocco to Pakistan, with major markets including Egypt, Jordan, Pakistan, Saudi Arabia, and the United Arab Emirates.”

Careem will operate as a wholly-owned subsidiary of Uber. The deal is expected to close in Q1 of 2020.

UPS Teams up with Matternet to Deliver Medical Samples via Drone
Press Release

The logistics company announced in a company press release that it’s launching a “new logistics service to deliver medical samples via unmanned drones through a collaboration with Matternet, a leader in autonomous drone technology.”

The program will operate at WakeMed’s flagship hospital and campus in the Raleigh, North Carolina. The FAA and North Carolina Department of Transportation will oversee the program.

The transportation of medical samples via drone opens the opportunity for on-demand and same-day delivery providing the ability to avoid road traffic, lower costs, increase medical delivery efficiency, and improve the patient experience.

Spotify Acquires Another Podcast Content Studio
Press Release

The audio streaming service announced that it’s acquiring Parcast, a podcast creation studio founded in 2016.

The deal will provide Spotify with a “curated library of highly produced shows and its engaged, loyal audiences.” Terms of the Parcast deal were not disclosed.

The announcement was made just over a month since Spotify announced that it was acquiring Gimlet Media, a podcast producer, and Anchor, a podcast creation and distribution platform.