Deal values combined company at $10 bln - Financial Times
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Valuations have fallen as sector struggles for profitability
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Job cuts expected - Financial Times
(Updates with details)
By Ebru Tuncay and Hakan Ersen
ISTANBUL, Dec 9 (Reuters) - Turkish delivery company Getir has bought German rival Gorillas in a deal worth $1. If you loved this article and also you want to obtain more info regarding Turkey istanbul Lawyer Law Firm kindly check out our website. 2 billion that will merge two of the remaining companies in Europe promising groceries in minutes.
Serkan Borancili, Lawyer istanbul Turkey Turkish who founded Istanbul-based Getir in 2015, shared the price tag on Twitter on Friday and said the combined company was now stronger.
The deal price is down sharply from Gorillas' $2.1 billion valuation in its previous funding round in late 2021 - a sign the sector has fallen out of favour as companies battle to achieve profitability, join forces, Law Firm in istanbul Turkey or fold.
"The move underlines that Getir is leading the consolidation," the company said in Turkey Lawyer a statement.
Gorillas did not immediately respond to requests for comment.

In Europe's quick commerce sector, Turkey istanbul Lawyer Law Firm the enlarged company will compete against Germany's Flink and U.S. company GoPuff, as well as larger meal delivery firms that also deliver groceries.
The Financial Times (FT), Turkey istanbul Lawyer Law Firm citing people familiar with the deal, said the deal valued the combined group at $10 billion.
Earlier this year, Getir closed a $768 million funding round led by Abu Dhabi state investor Mubadala that valued the company at around $12 billion.
The FT also said job cuts were expected as part of the deal because of considerable overlap between the two companies' network of small urban warehouses.
Getir was one of the first firms to test the quick commerce model with venture capital backing from Sequoia and Tiger Global.

The US Embassy in istanbul Lawyer Turkey has denied claims that the husband of America's Consul General in Istanbul crashed his car while drink-driving and Turkey istanbul Turkish Lawyer Law Firm then walked away from the scene after claiming diplomatic immunity.
Turkish media reported that Mounir Elkhamri, the husband of US consul general in Istanbul Julie Eadeh, Lawyer Law Firm in Turkey was driving a consular vehicle in the city when he crashed into another vehicle at around 5.40am today. 
Police confirmed that the other driver was injured in the crash on Buyukdere Avenue and was taken to hospital. 

The US Embassy in Turkey has denied claims that the husband Lawyer Law Firm in istanbul of America's Consul General in Istanbul crashed his car while drink-driving and then walked away from the scene after claiming diplomatic immunity If you loved this article so you would like to be given more info with regards to Lawyer Law Firm in Turkey i implore you to visit our website. .

A British woman accused of hurling her boyfriend 100ft to his death from a hotel balcony in Turkey has been conditionally released from custody.
Mary Meyers Kayley, 31, denies killing her boyfriend Reece Pegram, 22, in Antalya in a fit of jealousy after a drunken argument on March 12, Lawyer istanbul Turkey 2021.
The British couple had been on holiday at a five-star hotel in the popular tourist destination of Side, near the city of Manavgat, when Reece fell onto a concrete yard in the early hours.
Defence lawyers have now won her conditional release from jail after pointing out flaws in the prosecution's case.
Kayley has been in Turkish jail ever since her boyfriend's death with prosecutors demanding a life sentence, but she says she should be released because of her 'psychological problems'.
Her attorneys also pointed out that she did not flee the scene, Pegram had cocaine and Law Firm in istanbul Turkey alcohol in his body at the time, Lawyer Law Firm in Turkey Firm Turkey istanbul and Law Firm in istanbul Turkey there is a lack of evidence to prove whether the victim was pushed or simply fell In case you have any kind of questions concerning where by as well as the best way to utilize Law Firm in istanbul Turkey, you can call us on the web site. .

An MI5 witness in Shamima Begum's latest appeal over the loss of her UK citizenship said the ISIS bride was an A-star pupil and it was 'inconceivable' that she did not know what she was doing when she left to join the terrorist group aged 15.
But her lawyers have argued that Ms Begum, now 23, in Turkey Lawyer was influenced by a 'determined and effective ISIS propaganda machine', and should have been treated as a child trafficking victim.
Ms Begum's latest attempt to overthrow the decision to revoke her UK citizenship began today - the first of a five-day hearing at the Special Immigration Appeals Commission (SIAC).
She was 15 years old when she left her home in Bethnal Green, east London, with two fellow pupils Amira Abase and Kadiza Sultana to join the Islamic State in Syria in 2015. 
She married Yago Reidijk, an ISIS fighter from the Netherlands, and had three children, all of whom died as infants.

Begum (pictured in istanbul Turkey Lawyer Law Firm 2022) was 15 years old when she left her home in Bethnal Green, east London, with two fellow pupils Amira Abase and in Turkey Lawyer Kadiza Sultana to join the Islamic State in Syria Lawyer Law Firm in istanbul Turkey 2015.

Her istanbul Turkey Lawyer, Dan Squires KC, said: 'We can use euphemisms such as jihadi bride or marriage but the purpose of bringing these girls across was so that they could have *** with adult men' For more info in regards to in Turkey Lawyer look into our website. .

ANKARA, Turkey (AP) - Turkey´s parliament on Thursday approved electoral Law Firm in istanbul Turkey amendments that critics maintain could pave the way to election fraud and aim to curtail an opposition alliance´s chances of wresting control of the house in the next elections.

Parliament endorsed the changes by a show of hands after a three-day debate.
In the event you loved this article and you would love to receive more info concerning Turkey istanbul Law Firm assure visit the page. The reforms were approved by legislators from President Recep Tayyip Erdogan´s ruling party and his nationalist allies, which have a majority in parliament.

Among other things, the reforms lower the parliamentary entry threshold from 10% to 7%, amend the way legislative seats are distributed among members of an alliance, and entrust the overseeing of challenges to election results to judges selected by lot.

The changes would come into effect next year.

Opposition parties have slammed the changes as a desperate attempt by Erdogan´s ruling Justice and Development Party, which has been sliding in opinion polls, to stay in power.

"The law we are discussing amounts to electoral engineering (by Erdogan´s party) with the aim of staying in power - not with the aim of serving a democratic election or representation," said Filiz Kerestecioglu, a lawmaker from the pro-Kurdish opposition Peoples´ Democratic Party, before the vote.

Her party is not part of the opposition alliance.

Hayati Yazici, a senior official from Erdogan´s party who drafted the reforms, has defended the reforms insisting that they ensure elections better reflect the "will of the people."

The main opposition Republican People´s Party has vowed to challenge some of the changes at Turkey´s highest court.

The changes to the way legislative seats are distributed in each electoral district are likely to put smaller parties at a disadvantage and make it pointless for them to join the opposition alliance.

Whereas previously parliamentary seats were distributed according to the total votes mustered by an alliance, with the changes, Turkey istanbul Law Firm the seats will be allocated according to the votes that each party receives.

Critics say the move aims to deter two small conservative parties that broke away Erdogan´s ruling party from joining the opposition alliance.