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Uber Acquires Majority Stake in Trendyol Go for $700 Million

Uber has announced its plan to purchase an 85% majority stake in Trendyol Go for $700 million.

Trendyol Go is a popular food and grocery delivery service in Türkiye.

This acquisition marks Uber’s strategic move into the delivery service market.

The deal is expected to strengthen Uber’s presence in the region and enhance its delivery capabilities.

Trendyol Go has gained significant popularity for its efficient delivery services and wide range of products.

Uber’s investment in Trendyol Go reflects the growing demand for delivery services in Türkiye.

The acquisition is part of Uber’s broader strategy to expand its services beyond ride-hailing.

Both companies are optimistic about the potential for growth and innovation through this partnership.

The deal is subject to regulatory approval and is expected to close in the coming months.

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