Uber Technologies, Inc 8-K

What Happened
Uber Technologies, Inc. announced on February 8, 2026 (filed in an 8-K on Feb 9, 2026) that it entered into an agreement with Mubadala Investment Company to acquire Getir Perakende Lojistik A.Ş.’s delivery portfolio in Türkiye in a phased transaction. Uber will immediately acquire 100% of Getir’s food delivery business for $335 million in cash on a cash- and debt‑free basis. Getir’s food delivery business reported over $1 billion in gross bookings in 2025, a greater-than-50% increase year‑over‑year on a constant currency basis. Concurrently, Uber will invest $100 million to acquire a 15% stake in Getir’s grocery, retail and water delivery business. The remainder of Getir’s grocery/retail/water delivery operations may be acquired in future phases if certain operating and financial performance conditions are met. The food delivery acquisition is expected to close in the second half of 2026 and is subject to regulatory approvals and other customary closing conditions. A press release was attached as Exhibit 99.1.

Key Details

• Purchase price for Getir’s food delivery business: $335 million cash (cash- and debt‑free basis).
• Investment: $100 million for a 15% stake in Getir’s grocery, retail and water delivery business.
• Scale: Getir’s food delivery business generated >$1 billion in gross bookings in 2025, up >50% YoY (constant currency).
• Timing and conditions: Food delivery deal expected to close in H2 2026; full portfolio acquisition contingent on performance targets and regulatory/closing approvals.

Why It Matters
This transaction expands Uber’s footprint and scale in Türkiye’s delivery market, adding a food delivery business that recently exceeded $1 billion in gross bookings. The $335M cash purchase and $100M strategic investment signal a material commitment to the region and the delivery category, while the phased structure leaves room for additional future consolidation if performance targets are met. Investors should note the deal is subject to regulatory approval and closing conditions, and the filing does not provide pro forma financials or changes to guidance.