Uber to acquire 85% of Trendyol GO for ~$700M; delivery business growing >50% YoY

Uber Technologies, Inc

Uber acquires 85% controlling stake in Trendyol GO for ~$700M cash on cash/debt-free basis.
Trendyol GO delivered 200M+ orders in 2024, $2B gross bookings (+50% vs prior year).
Transaction expected to close H2 2025 subject to regulatory approvals; accretive to growth post-integration.
Trendyol GO serves 90,000+ restaurants/markets via 19,000 couriers across Türkiye.

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