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Uber to buy 85% stake in Turkish food delivery platform

Reuters on MSN · 2d

Uber to buy controlling stake in Turkey's Trendyol GO food delivery business for $700 million

Uber said it would buy a majority 85% stake in Turkish food and grocery delivery platform Trendyol Go for $700 million, as the ride-hailing giant looks to tap new growth markets amid signs of saturation in its mainstay North American business.

TechCrunch on MSN · 2d

Uber Eats comes to Turkey via $700M Trendyol Go acquisition

The ride-hail and delivery giant has acquired an 85% controlling stake in Trendyol Go, the online meal and grocery delivery business based in Istanbul, for about $700 million in cash. The deal gives Uber instant market share for Uber Eats in the country, where Uber currently only operates a ride-hail service.

Bloomberg · 2d

Uber to Buy $700 Million Stake in Turkish Delivery App Trendyol

Uber Technologies Inc. agreed to buy 85% of a Turkish food and grocery delivery platform controlled by Chinese e-commerce giant Alibaba Group Holding Ltd., in the latest example of consolidation in the global food-delivery industry.

1don MSN

Uber's quarterly revenue miss turns spotlight on slowing ride-hailing growth

Uber's core ride-hailing business posted its slowest revenue growth since the pandemic in the first quarter due to sluggish U ...

1d

Uber Revenue Is Up 14%, Despite Economic Fears

The company also predicted that business in the current quarter would be stronger than Wall Street had predicted.

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