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Uber to Acquire 85% Stake in Alibaba-Owned Trendyol GO with 200M Orders for $700 Million, Deal Closing in H2 2025

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Updated May 7, 2025, 07:42 AM

Uber Technologies Inc. has announced plans to acquire an 85% controlling stake in Trendyol GO, a Turkish food and grocery delivery platform, for approximately $700 million. Trendyol GO, which is owned by Alibaba, processed over 200 million orders and generated $2 billion in gross bookings in 2024, reflecting a 50% year-over-year growth. The acquisition is part of Uber's strategy to expand into new growth markets amid signs of saturation in its core North American business. The deal is expected to close in the second half of 2025, pending regulatory approval. This move marks Uber Eats' entry into the Turkish market and is seen as an example of ongoing global consolidation in the food delivery industry.

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Sources

dailysabah.com(2)reuters.com(2)techcrunch.com(2)cnbc.com(2)

Business AM

@businessamnl

Uber invests $700 million in Turkish delivery platform Trendyol Go https://t.co/5jckm094u4 #Uber #TrendyolGo #Turkije #Leveringsplatform #EtenBestellen https://t.co/0aXR5owfjb

Daily Sabah

@DailySabah

Uber announces plan to acquire an 85% majority stake in Türkiye's food and grocery delivery service, Trendyol Go, for $700 million https://t.co/Okm2v4U6tS