TURKEY APPROVES UBER'S $335M GETIR DELIVERY DEAL

The regulatory clearance enables Uber to integrate Getir's fast delivery operations into its Turkish services. The deal represents a significant consolidation in Turkey's quick commerce sector, where Getir had established itself as a major player. Under the agreement, Uber commits to investing $500 million in Turkey over the coming years—a requirement tied to the acquisition's approval. The $100 million stake purchase gives Uber a minority ownership position in the Istanbul-founded startup. Getir, which expanded rapidly across Europe and North America before facing market headwinds, will continue operating under Uber's ownership structure. The move consolidates Uber's delivery infrastructure in one of its key markets and streamlines operations between Uber Eats and fast delivery services. This acquisition follows broader consolidation trends in the quick commerce space as companies face profitability pressures and market saturation.