Uber Technologies to acquire an 85% stake in Trendyol for $700m.

Synopsis

Uber Technologies, a transportation company that provides ride-hailing services, courier services, food delivery, and freight transport, agreed to acquire an 85% stake in Trendyol, an online meal and grocery delivery business serving Turkey, for $700m.

Principals

target

TRENDYOL

bidder

Uber Technologies

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Market Context

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Bidder Team (1)

dara khosrowshahi

CEO at UBER TECHNOLOGIES INC

Manager

bidder

Deals

£ 17.74 B

Total Value

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