Uber Acquires Getir's Türkiye Food Delivery Business for $335M, Invests in Other Segments
Summary
Uber Technologies, Inc. announced an agreement to acquire Getir's food delivery business in Türkiye for $335 million and will invest an additional $100 million for a 15% stake in Getir's other delivery segments.
Key Events
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Acquisition of Food Delivery Business
Uber will acquire 100% of Getir's food delivery business in Türkiye for $335 million in cash. This business generated over $1 billion in gross bookings in 2025.
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Strategic Investment in Other Delivery Segments
Uber will invest $100 million to acquire a 15% stake in Getir's grocery, retail, and water delivery businesses, with an option to acquire the remainder in the future.
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Market Expansion in Türkiye
The transaction reinforces Uber's commitment to Türkiye, aiming to combine Getir and Trendyol Go delivery services to increase selection and delivery opportunities.
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Regulatory Approval Pending
The transaction is subject to regulatory approval and other closing conditions, with the food delivery acquisition expected to close in the second half of 2026.
Analysis
This acquisition significantly expands Uber's presence and market share in Türkiye's rapidly growing delivery sector. By integrating Getir's food delivery operations, which generated over $1 billion in gross bookings in 2025, Uber aims to consolidate its position and enhance its offerings. The additional strategic investment in Getir's grocery, retail, and water delivery businesses signals a long-term commitment to the region and potential for future expansion into these segments, subject to performance conditions. This move is a clear strategic play to capture a larger share of a key international market.
At the time of this filing, UBER was trading at $74.93 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $155.4B. The 52-week trading range was $60.63 to $101.99. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.