Uber Technologies Inc . 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 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.
