As reported by Bloomberg, Istanbul-based Getir is, "is in advanced talks to buy rival Gorillas Technologies GmbH, people familiar with the matter said."
While the deal is not yet official, according to Bloomberg's source, the deal would see a mix of cash and equity, and further bolster the Turkish on-demand delivery company's market position across Europe.
With Gorillas experiencing a series of headaches, mostly in labor disputes and valuation depreciation over the past year, it's been rumoured that the company was shopping for a buyer for some time. Backed by Tiger Global and Sequoia Capital (to name a few), Getir, which closed a $768 million Series E round at an $11.8 billion valuation back in April of this year, has already agreed to buy UK startup Weezy in late 2021.
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