Getir buys German rival
Express delivery company Getir has acquired all of German rival Gorillas for a valuation of $1.2 billion.
According to the UK Financial Times (FT) story, based on sources close to the matter, Getir’s valuation has decreased to $8.8bn, while the combined post-purchase valuation was $10bn.
In the Getir statement, it was confirmed that the Gorilas company was purchased, but no information was given on the price.
NEGOTIATIONS WERE GOING ON
In the news published in Bloomberg on October 10, it was indicated that Getir is in advanced negotiations to acquire Gorillas Technologies.
With the expansion of its operations to seven European countries in the last year and the start of operations in the US at the end of last year, Getir’s valuation was approximately $11.8 billion in March. (Reuters)
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
