Turkish Competition Board Approves Uber's Acquisition of Certain Getir Operations

The Turkish Competition Board has approved Uber Technologies Inc.'s acquisition of certain service lines of Getir AŞ, subject to commitments. The decision followed an evaluation of the agreement between the two companies under competition law. The acquisition covers some of Getir's operations and will allow Uber to expand its activities in Turkey. The Board granted approval after considering the commitments submitted by the companies during the process. This step is seen as part of Uber's global growth strategy. Getir's fast delivery services will be integrated into Uber's existing platform. This is not investment advice.