Uber agrees to acquire Getir's delivery operations from Mubadala for $335M in cash and says it will take a 15% stake in the remaining portfolio for $100M
Bloomberg
Related Coverage
- Uber to acquire delivery business of Turkey's Getir Reuters
- Uber acquires Getir's Turkish delivery business Tech.eu · John Reynolds
- Uber acquires delivery startup Getir's operations in Türkiye Hürriyet Daily News
- Uber Doubles Down on Türkiye with Agreement to Acquire Getir's Delivery Business Uber
- Uber Does Deal With Getir to Expand in Turkey The Information · Martin Peers
- Uber to buy delivery arm of Turkey's Getir TechCrunch · Ram Iyer
- Uber to acquire delivery business of Turkey's Getir Reuters
- Uber to acquire Turkish e-delivery platform Getir from Mubadala Türkiye Today
- Uber Deepens Türkiye Footprint With Getir Delivery Buyout Benzinga · Akanksha Bakshi
- Genuinely excited to see Getir enter a new and important chapter through its strategic partnership with Uber ! … Mohamed Mirza
- I am incredibly proud to welcome Getir's delivery business to the Uber family. 🇹🇷 — Türkiye is a key market … Saskia de Jongh
- Uber to buy Getir's delivery business from Mubadala Sifted · Freya Pratty
Discussion
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@jason
@jason
on x
@HarryStebbings savvy purchase @dkhos
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@harrystebbings
Harry Stebbings
on x
The core Turkish business was always very strong and a cash cow. The massive errors came from too much cash too quickly and mass geo expansion, executed poorly. Stripped back Getir in core markets only is a great and strategic buy for Uber.
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@andrewgordonmac
Andrew Macdonald
on x
Welcome to the @Uber family @Getir! Excited about what is ahead in Türkiye
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@petertl
Peter Thal Larsen
on bluesky
Getir raised money at a $12bn valuation less than three years ago; now appears to be worth less than $2bn. Congratulations to everyone who ordered frozen pizza, diet pepsi and a washing-up brush from their sofa at 10pm: big venture capitalists funded your lifestyle. — www.bloo…