Turkish competition board approves Uber acquisition of Getir delivery business

The Turkish Competition Board said on Friday it had approved Uber Technologies ‌Inc.'s acquisition of ⁠the ⁠delivery arm of Turkey's Getir from Emirati controlling shareholder Mubadala.

"The commitment by Uber ​Technologies Inc. ⁠to invest ‌a ​total of ​US$500 million ⁠in Turkey is expected to ​support high-quality employment, strengthen ​local engineering capabilities, and positively contribute to the development of ‌Turkey's digital and technology infrastructure," the ​competition ​board ⁠said. Uber said in February it had agreed to ​acquire Getir's delivery arm, expanding the U.S.-based company's Turkish footprint.