Turkish competition power said on Wednesday opened an investigation into one of The leading Mobility apps Marty for Allegedly abusing his dominant position market Site.
The investigation comes after the Competition Authority (RK) concluded a preliminary investigation in which it said found Evidence support allegations.
Marty works in a fleet of Almost 50,000 e-scooters,bikes and electronic scooters.
Marty last Week said it was set Togo public by merging with Galata Acquisition Corp., a blank check listed company in New York. The transaction represents a Turkish company first Initial public Subtract (IPO) via Plumber in New York.
SPACs are shell companies list on stock exchanges and then merge them with A company established to achieve this goal public without going through the traditional underwriting process. Such deals appeared as a form of public market venture capital for Some startups that struggled to raise money through traditional roads.
The transaction values the combined company with a pro forma institutional value of About 532 million dollars (9.5 billion Turkish liras).
Marty is getting closer to becoming a new Turkish Unicorn – A term for Startups with evaluation of over Billion dollar – with the deal that should give He. She net cash proceeds of About 280 million dollars.
She added that the deal is expected to expire in fourth quarter with The merged company expected to be listed on New York Stock Exchange under the symbol “MRT”.
