Turkey’s Competition Board approves Uber Technologies’ acquisition of the delivery business previously owned by Turkish company Getir. The approval is described as clearing the final regulatory hurdle for the deal. Multiple reports say the acquisition involves Getir’s delivery arm being sold by Getir’s Emirati controlling shareholder, Mubadala. The regulatory review began after the parties struck the deal in February, and the approval comes after the board’s assessment is completed. With the Competition Board’s decision issued on Friday, Uber is able to move forward to deepen its position in Turkey’s delivery market. The outlets characterize the decision as ending the review process and resolving the remaining regulatory concern. While details beyond the approval timing and the parties involved are limited in the provided excerpts, all sources agree on the core points: Turkey’s competition regulator gives clearance, the asset is Getir’s delivery business, the seller is linked to Mubadala’s control of Getir, and the transaction was agreed in February and reviewed thereafter.
Turkey’s competition board approves Uber’s acquisition of Getir’s delivery business
Turkey’s Competition Board approves Uber Technologies’ acquisition of the delivery business previously owned by Turkish company Getir. The approval is described as clearing the final regulatory hurdle...
- Turkey’s Competition Board approves Uber’s acquisition of Getir’s delivery business.
- Uber’s purchase clears the last regulatory hurdle for the deal in Turkey.
- The asset being acquired is Getir’s delivery arm.
- Mubadala, described as Getir’s Emirati controlling shareholder, is the seller.
- The review follows a deal agreed in February and is cleared on Friday.
Uber has cleared the last regulatory hurdle to buying Getir’s delivery business in Turkey. The country’s Competition Board approved the US company’s acquisition of the delivery arm from Getir’s Emirati controlling shareholder, Mubadala, on Friday, ending a review that began when the deal was struck in February and clearing the way for Uber to deepen […] This story continues at The Next Web
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