According to Reuters, Uber Technologies has reached a preliminary agreement to acquire the food delivery arm of Getir from its controlling shareholder, the Abu Dhabi sovereign wealth fund Mubadala. According to sources familiar with the matter, the parties have submitted the proposal to Türkiye’s Competition Board for approval.
The proposed deal covers key elements of the acquisition, though a final sale price remains unclear and the transaction is not yet guaranteed. The completion of the purchase hinges on the review process currently underway by Turkish antitrust authorities.
This move signifies a continued retreat from the Turkish market for Mubadala, which took control of Getir’s assets earlier this year following a major restructuring of the delivery giant. Just last month, the sovereign wealth fund sold Getir’s car-rental unit, Getir Arac, to Türkiye-based Tiktak. In September, reports indicated Mubadala was exploring a full exit from the sector, holding talks for both the delivery business and a finance unit.
For Uber, the acquisition represents a significant expansion of its footprint in Türkiye. The company has been aggressively growing its presence in the region, having announced in May that it would acquire a majority stake in local delivery platform Trendyol GO for $700 million. Integrating Getir Food would further bolster Uber Eats’ market share against competitors like Yemeksepeti, owned by Delivery Hero.
Getir, once valued at $12 billion during the pandemic-era delivery boom, expanded rapidly across Western Europe and the United States before facing a sharp decline in consumer demand. The company subsequently shut down its international operations and restructured, with Mubadala stepping in to take control.
Representatives for Uber and Mubadala declined to comment on the ongoing discussions. Getir referred inquiries to Mubadala, while the Competition Board has not yet issued a statement.
