Uber EATS comes to Türkiye by acquiring $ 700 million

Uber is Expand its existence In Türkiye with the latest acquisition.

The passenger giant and giant delivery acquired a 85 % controlled stake in Trendyol Go, online delivery and grocery delivery in Istanbul, for about $ 700 million in cash. The deal gives Uber EARS immediate market share in the country, where Uber currently runs horseback service only.

The Uber’s acquisition comes a day before the company scheduled to report its profits in the first quarter. Although spending on consumers is expected to decrease in 2025 due to President Trump’s tariff, investors will want to reassure that Uber is still ready to grow, even with the company’s recent withdrawal from its $ 950 million offer to deliver food foods in Taiwan.

Uber laid the foundation for expanding in other squares as well. Uber appears to announce every few weeks, a new partnership of vehicles in its vehicles across the two columns, delivery, and charging.

Trendyol Go is the food connection arm of the Trendyol Group collection, which is an e -commerce and retail trade platform, which is owned by a majority by alibaba. The company said in a file that it had submitted more than 200 million requests in 2024, as it achieved $ 2 billion of total reservations, which increased by 50 % from the previous year. There are more than 90,000 restaurants and 19,000 pursuit on the market.

The company said that the acquisition is expected to be closed in the second half of 2025. When this happens, users will be able to continue using the Trendyol Go app, and “Uber will provide major capabilities over the coming years of UATS.”

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The latest Uber’s acquisition during its struggle for its market share in the United States due to the competition from Doordash. In February, Uber filed a lawsuit against DoordashIt claims anti -competition behavior. Doodash courts urged courts Reject.

Earlier today, DooDash announced Two major acquisitions To expand its presence in Europe: delivering the UK with $ 3.86 billion and seven rooms compared to $ 1.2 billion.