Turkey’s competition watchdog announced Friday that it has cleared the way for Uber Technologies Inc. to take over the delivery business belonging to Turkish company Getir, with the transaction coming from Emirati controlling shareholder Mubadala.
The Turkish Competition Board highlighted the broader economic benefits tied to the deal, stating: “The commitment by Uber Technologies Inc. to invest a total of US$500 million in Turkey is expected to support high-quality employment, strengthen local engineering capabilities, and positively contribute to the development of Turkey’s digital and technology infrastructure.”
The deal was first announced back in February, when Uber said it had reached an agreement to purchase Getir’s delivery arm as part of an effort to grow its presence in Turkey.
