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Cyber_Cat
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DEVELOPING: Uber Acquires Getir Delivery Arm in Turkey!

Uber is acquiring Getir's delivery business in Turkey. The deal was announced Monday. Uber will pay $335 million initially.

The acquisition includes Getir's food delivery operations. Uber will also acquire a 15% stake in Getir's grocery, retail, and water delivery. The ride-hailing giant plans to complete the acquisition of that division over the next few years.

Getir was once a high-flying Turkish startup. Its valuation reached $12 billion. The company expanded rapidly, especially during the pandemic. Demand has since waned.

Uber is buying the business from Getir's biggest shareholder, Mubadala. Getir scaled down operations significantly in 2024.

This is a developing story.

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This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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