Uber to pay $700mn for 85% stake in Turkey delivery unit of Alibaba’s Trendyol

Uber to pay $700mn for 85% stake in Turkey delivery unit of Alibaba’s Trendyol

Uber Technologies Inc (New York/UBER) has signed an agreement to acquire an 85% controlling stake in Trendyol GO for approximately $700mn in ...

Uber Eats is established in Turkey with its latest acquisition. The transport and delivery giant has acquired a majority stake of 85% in Trendyol Go, the Istanbul-based online food and grocery delivery company, for about $700 million in cash. The agreement gives Uber an instant market share for Uber Eats in the country, where Uber currently operates only a carpool service. The announcement of the acquisition of Uber comes one day (...) - Gastron…

Uber to Acquire 85% of Turkiye's Trendyol GO for $700 Million in Major Delivery Sector Deal

Turkish e-commerce platform Trendyol Group announced that an agreement has been reached with Uber Technologies for the transfer of a majority of shares in food delivery service Trendyol GO. A total of 85 percent of the shares in Trendyol GO will be bought by Uber for $700 million in cash, Uber said in a securities filing. The transaction is expected to be concluded in the second part of this year, pending regulatory approval. Uber, which operate…

Uber invests $700m in Turkish delivery platform Trendyol Go - TechCentral.ie

Uber is investing heavily in expanding its global reach through strategic acquisitions and partnerships. The ride-hailing giant announced plans to acquire an 85% stake in Trendyol Go, a Turkish food and grocery delivery platform, for $700 million. The move will allow Uber to tap into the fast-growing Turkish market and benefit from Trendyol Go’s impressive [… The post Uber invests $700m in Turkish delivery platform Trendyol Go appeared first on …

Uber enters Turkey's food delivery sector with $700m buyout

Uber Technologies will foray into Turkey’s food delivery sector as part of its expansion plans. The company has agreed to acquire an 85 percent stake in Alibaba-backed Trendyol Group’s Go online meal and grocery delivery business in Turkey for $700 million. The acquisition is expected to close in the second half of 2025 following regulatory approvals, the company said in a filing with the Securities and Exchange Commission. In 2024 Trendyol Go d…

It is expected that the transaction will be concluded in the second half of the year subject to regulatory approval.