Uber's Delivery Hero Acquisition May Involve Sale of Yemeksepeti

Uber Technologies plans to acquire German online food ordering platform Delivery Hero for €12.5 billion. As part of this massive deal, the potential divestiture of Uber's Turkish subsidiary Yemeksepeti has come to the forefront. According to sources, the sale aims to facilitate easier approval of the transaction by competition authorities. In Uber's process of acquiring Delivery Hero, the sale of Yemeksepeti is seen as a strategic step to address competition concerns in the Turkish market. Yemeksepeti is a leading food ordering platform in Turkey, and this sale is intended to balance Uber's market share. The total value of the deal is stated at €12.5 billion, and this acquisition will significantly strengthen Uber's presence in the global food delivery market. Delivery Hero, operating in Europe, the Middle East, and Asia, will contribute to the international expansion of Uber Eats. The sale of Yemeksepeti is viewed as a measure to expedite competition reviews and overcome potential antitrust hurdles. This move could increase Uber's chances of completing the deal, though it is noted that the process is not yet finalized and is subject to regulatory approvals. This is not investment advice.