Uber Acquires Getir's Türkiye Food Delivery Business for $335M, Invests in Other Segments
UBER sits 24% above its 52-week low of $60.63.
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 · M&A and Partnerships · UBER
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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 · UBER · Energy & Transportation
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.