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U.S.-based mobility company Uber is seeking regulatory approval from Turkish authorities to complete another major acquisition in the Turkish market by acquiring Getir Food, the food delivery arm of Turkish startup Getir, from Abu Dhabi’s sovereign wealth fund Mubadala, according to sources familiar with the matter.
The acquisition, if approved, would significantly expand Uber Eats’ presence in Türkiye’s food delivery sector, following its acquisition of a majority stake in Trendyol GO for $700 million in May, with plans to integrate Uber Eats features into the Turkish market.
The two companies have submitted the proposed deal to Türkiye’s Competition Board for approval, though the final purchase price remains undisclosed and the transaction is not yet finalized, Reuters reported.
Getir, once a prominent name in rapid delivery services, experienced rapid global growth during the COVID-19 pandemic, expanding into Western Europe and the United States. In 2022, the company was valued at $12 billion following a major investment round in which Mubadala participated.
Faced with weakening consumer demand, Getir shut down its international operations and restructured, handing control of key assets—including Getir Food—to Mubadala.
In early November, Bloomberg reported that the potential deal could be worth up to $1 billion, though talks remain preliminary and there is no guarantee of a final agreement.
The proposed sale of Getir Food is part of a broader withdrawal by Mubadala from Türkiye’s delivery and mobility sectors, following a dispute with Getir’s founding partners over restructuring and control of the company. Last month, the Emirati sovereign wealth fund sold Getir Arac, the group's car rental unit, to Turkish mobility platform Tiktak.
In September, reports indicated that Mubadala was engaged in advanced talks to divest both its delivery and finance units in Türkiye, signaling a wider exit strategy.
The dispute has escalated tensions within Getir, as the Emirati fund planned to inject an additional $250 million into the firm while assuming operational control of its food and grocery businesses in Türkiye. Nazim Salur, Getir’s founder, publicly accused Mubadala of disregarding a prior agreement to split the company into two entities, claiming that the fund was attempting to usurp the rights of other shareholders, prompting legal action in the Netherlands.
Mubadala argued that it had offered the only viable option to secure the company’s future, accused Getir’s founders of failing to cooperate, and ultimately won a court case in a Dutch court. Nevertheless, ongoing tensions with Salur’s board, which hindered progress in the restructuring process, ultimately led the fund to decide to withdraw from the company.
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