FILE PHOTO: The logo of Uber is seen at the Promenade road during the World Economic Forum (WEF) 2023 in Davos, Switzerland, January 20, 2023. REUTERS/Arnd Wiegmann/File Photo
(Reuters) -Uber said it would buy a majority 85% stake in Turkish food and grocery delivery platform Trendyol Go for $700 million, as the ride-hailing giant looks to tap new growth markets amid signs of saturation in its mainstay North American business.
The stake purchase from Turkish e-commerce firm Trendyol Group gives Uber control of a platform that serves customers nationwide, delivering groceries and meals from over 90,000 restaurants and markets through 19,000 couriers.
