Uber Technologies Inc.
Uber to Acquire 85% Stake in Trendyol GO
Summary
On May 6, 2025, Uber Technologies, Inc. announced an agreement to acquire an 85% controlling stake in Trendyol GO, Turkey's leading online meal and grocery delivery platform, for approximately $700 million in cash. Trendyol GO delivered over 200 million orders in 2024, generating $2 billion in gross bookings. The acquisition is expected to be accretive to Uber's growth post-integration and is subject to regulatory approval and other closing conditions, with the transaction expected to close in the second half of 2025.
Profitelligence Alerts
Get alerts for UBER
Be first to know when Uber Technologies Inc. files with the SEC.
Filing Categories
Exhibits (1)
Advertisement
About Uber Technologies Inc.
Uber Technologies Inc. is a global ride-hailing and mobility platform offering consumption-based transport services to millions of users worldwide. Established in 2009, the company revolutionized urban transportation with its innovative app that connects riders with nearby drivers seamlessly, facilitating quicker, cashless, and more flexible journeys. Beyond ride-hailing, Uber Technologies Inc. has expanded its operations to include food delivery through Uber Eats, freight services connecting carriers and shippers, and self-driving car technology aimed at shaping the future of autonomous transport. Uber operates across multiple sectors, impacting automotive, logistics, food service, and technology realms, driving significant digital transformation and adoption in these industries. As a key player in the gig economy, Uber leverages a vast network of independent contractors and a resilient digital platform to maintain and grow its presence in diverse markets, emphasizing user convenience and technological integration in urban mobility solutions. Uber Technologies Inc.'s pivotal role in shared and autonomous transportation underscores its importance in modern market ecosystems, continuously innovating and influencing how we think about getting from point A to point B.
Official SEC Documents
Advertisement