Uber to invest $700M for majority stake in Turkish food delivery firm Trendyol GO

Uber Technologies Inc. (NASDAQ: UBER) is in focus this morning after the ride-hailing giant said it will spend about $700 million to acquire an 85% stake in Trendyol GO.   The Turkish food delivery platform will be accretive to Uber’s growth as soon as the transaction is complete, as per its securities filing on Tuesday. […]