Uber in discussions to acquire Turkish delivery platform Trendyol Go - report

Investing.com -- Uber Technologies Inc . (NYSE:UBER) is reportedly in negotiations to acquire Trendyol Go, a Turkish food delivery platform, Bloomberg News reported, citing sources. The terms of the potential deal are not yet known, and a final agreement has yet to be reached. The talks could conclude without a deal, the sources added.

Trendyol Go is a food and grocery delivery service operated by Trendyol Group, one of Turkey’s largest e-commerce platforms. The group’s business operations span retail, logistics, and fintech sectors. The majority shareholder of Trendyol Group is Alibaba (NYSE:BABA) Group Holding Ltd., a Chinese e-commerce behemoth.

When asked about the ongoing negotiations, representatives from both Uber and Trendyol Go chose not to comment.

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