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Uber to buy 85% stake in Turkish food delivery platform

Reuters on MSN · 1d

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 · 1d

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 · 1d

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.

4h

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.

6hon 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 ...

Crain's New York Business7h

Uber posts quarterly bookings miss, citing less travel to the U.S.

Gross bookings, which include ride hails, delivery orders, and driver and merchant earnings but not tips, were $42.8 billion ...

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