Turkey's Competition Board has approved Uber's acquisition of Getir's food-delivery business for $335m, with Uber also taking a 15% stake in Getir's grocery and retail portfolio for $100m. The approval came with a condition: Uber must invest $500m in Turkey, supporting local employment and digital infrastructure. The deal allows Uber to merge Getir's operations with Trendyol Go, consolidating delivery networks in one of its faster-growing markets. The acquisition reflects a broader trend of food delivery consolidation globally, with Uber pursuing scale through acquisitions to lower marginal delivery costs. It also highlights how competition regulators increasingly attach investment and employment commitments to foreign tech acquisitions rather than simply approving or blocking them.
