Market Chatter: Uber Technologies in Discussions to Purchase Turkish Delivery Platform Trendyol Go
Uber Technologies is reportedly in talks to acquire Turkish food delivery service Trendyol Go, as per Bloomberg News. The discussions may not lead to a deal, according to unnamed sources. Trendyol Go is part of Trendyol Group, which is primarily owned by Alibaba Group. In premarket trading, Uber shares fell by 1.7%, while Alibaba's shares increased by 1.1%. The information is based on market chatter and may include speculation.
Uber Technologies is in discussions to buy Turkish food delivery platform Trendyol Go, Bloomberg News reported Friday, citing people familiar with the matter.
The talks could end without a deal, the unnamed sources told the news outlet.
Trendyol Go is run by Turkish e-commerce platform Trendyol Group, which is majority owned by China's Alibaba Group , according to the report.
Uber, Alibaba, and Trendyol Group did not immediately respond to MT Newswires' requests for comment.
Uber shares were down 1.7% in recent premarket activity Monday, while Alibaba rose 1.1%.
Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.
