Uber Agrees to Buy Controlling Stake in Turkish Food Delivery Platform for $700M
Express News | Uber Technologies Inc - to Acquire 85% Stake in Trendyol Go for $700 Million - SEC Filing
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The USA delivery company DoorDash has acquired the United Kingdom's Deliveroo for $3.9 billion.
The American food delivery company DoorDash will acquire Deliveroo, with the deal valuing the UK competitor at approximately 2.9 billion British Pounds (3.85 billion USD). Both companies stated they would leverage their combined influence and local expertise to tackle competition. Additionally, DoorDash announced on Tuesday that it would acquire the New York City-based software company SevenRooms, which is related to a hospital, for around 1.2 billion USD. Analysts say the timing is right for further consolidation in the food delivery industry, as inflation and reduced incomes have made consumers more cautious about delivery spending, while similar businesses are finding it hard to expand.
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Uber to Buy US$700m Stake in Turkish Delivery App Trendyol
Uber Technologies to Acquire 85% Stake in Trendyol GO for $700 Million
Express News | Turkey's Trendyol Agrees With Uber Technologies for Transfer of Majority of Trendyol Go Shares, Company Statement
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