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Uber to acquire Getir delivery business in Türkiye for $335m
Yahoo Finance· 2026-02-10 10:14
Group 1 - Uber Technologies has agreed to purchase Getir's food delivery business in Türkiye for $335 million in cash, along with a separate investment of $100 million for a 15% stake in Getir's grocery, retail, and water delivery operations [1][2] - The acquisition of grocery, retail, and water delivery assets will occur over the coming years, contingent on specific operational and financial performance targets, with the food delivery transaction expected to complete in the second half of 2026 [2] - This deal will consolidate Getir and Trendyol Go delivery operations under Uber's ownership, enhancing consumer choice and creating more delivery work for couriers [3][4] Group 2 - Uber's CEO emphasized the company's commitment to investing in Türkiye's digital economy and consumer base, aiming to support the growth of a competitive ecosystem that benefits consumers, couriers, and merchants [3] - Getir's CEO highlighted the agreement as a significant milestone, showcasing the strong operating model and brand built in Türkiye, and expressed excitement about integrating Getir's delivery expertise into Uber's global ecosystem [5]