"Istanbul-based quick-commerce platform Getir bought its rival Gorillas Technologies GmbH... The deal values Gorillas at $1.2 billion, according to people familiar with the matter."
"Turkish grocery delivery firm Getir acquired its German rival Gorillas for an undisclosed amount, the company said Friday. ... The long-rumored takeover values Gorillas at $1.2 billion and the broader Getir group at $10 billion, according to a report from the Financial Times. ... Getir didn't disclose financial details for the deal but said in a statement that it "underscores how Getir leads consolidation in this sector.""
"After weeks of rumors, Getir has announced that it is acquiring Gorillas... The Financial Times first reported that Getir has closed the acquisition of its competitor. ... At the height of the instant grocery bubble, Getir and Gorillas reached valuations of $11.8 billion and $3 billion respectively. Gorillas investors are set to obtain 12% of Getir's capitalization table."
"Once laying claim to the fastest European startup to achieve a unicorn valuation, Gorillas has been acquired by Turkish competitor Getir in a $1.2 billion deal that gives the combined group a valuation of $10 billion"
"Getir, the Turkish instant food delivery company, has agreed to acquire German rival Gorillas in a deal that values the company at $1.2 billion, a further sign of the food tech shakeout."
"Getir has acquired rapid grocery delivery rival Gorillas in a deal that values the combined company at $10 billion, the Financial Times reported Friday. The equity-heavy deal values Berlin-based Gorillas at about $1.2 billion, a 60%drop from ..."
