Turkish competition board He said on Tuesday, it ended its investigation into the Marty navigation app, which was launched over Allegations that she abused her control market The position after the company made a series of Obligations related to issue.
It was decided to terminate the investigation, accept the obligations and make them binding since then of a nature to me resolve The competition problemsThe Competition Authority (RK) said.
Marty works in a fleet of Almost 50,000 e-scooters,bikes and electronic scooters.
Marty last The month 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 have 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”.
