Uber 8-K

Summary

Agreement to acquire Getir’s delivery businesses in Türkiye. Uber will acquire Getir’s food delivery business upfront and take a minority stake in its grocery, retail and water delivery business, with the remaining portfolio acquisition planned in phases. The deal requires regulatory approval and other closing conditions.

Key Figures

• Food delivery: $335M cash, on a cash- and debt-free basis, for 100%; the business generated over $1B in 2025 gross bookings, up more than 50% Y/Y on a constant-currency basis.
• Grocery, retail and water delivery: $100M investment for a 15% stake. Acquisition of the remainder is expected in the next few years, subject to operating and financial performance conditions.
• Food delivery closing is expected in H2 2026. Following closing, Uber plans to combine Getir and Trendyol Go offerings across their apps in Türkiye.

Investor Takeaways

• Regulatory approval and other closing conditions will determine whether the food delivery acquisition closes in H2 2026.
• Watch whether the grocery, retail and water businesses meet the operating and financial conditions for Uber to acquire the remainder.