Tag: business news

Entrepreneurs
Turkey’s first unicorn: game firm Peak bought by Zynga for record-breaking $1.8 billion

American social game developer Zynga Inc. has agreed to buy Turkish mobile-game maker Peak Games for $1.8 billion. Announced on Monday, the record-breaking deal is the largest acquisition ever for the gaming sector, comprising of $900 million in cash and $900 million in Zynga stock. According to Bloomberg, the Peak purchase “eclipses earlier transactions”, including […]

HP News
France’s Believe buys majority stake in Turkey’s biggest record label DMC

DMC, the record label behind Turkey’s biggest pop stars Tarkan, Sezen Aksu and Ajda Pekkan, is being taken over by French digital music platform Believe Digital. An agreement worth $23.4 million, signed on 17 April by Doğan Holding, Doğan Müzik Yapım’s (DMC) parent company, and Believe Digital, will see the French company take a 60% […]

HP News
JJ’s launches Amazon-style real-time mobile alerts for its deliveries

  National wholesaler JJ Foodservice is the first UK wholesaler to introduce an Amazon-style notification system to give customers an estimated time of arrival based on real-time data. Sedat Kaan Hendekli, Head of Operations at JJ Foodservice, said, “Customers are sent an email notification when their order is first dispatched and then again when the […]

HP News
Turkey, Qatar, Iran sign transport agreement as Gulf Crisis continues

Ministers from Turkey, Qatar and Iran signed a transport agreement in Tehran last weekend in order to improve trade amid the continuing Gulf Crisis. Turkish Economy Minister Nihat Zeybekci was present along with Iranian and Qatari counterparts Mohammad Shariatmadari and Ahmed bin Jassim bin Mohammed Al Thani as the pact was signed. Iran will act […]

HP News
Turkey’s big business group calls for end to state of emergency

  A decision by the Turkish government to again extend the state of emergency in Turkey last week has been met with dismay by the country’s leading business organisation. Erol Bilecik, head of the Turkish Business and Industry Association (TÜSİAD), urged the government to take urgent steps towards normalisation. On 17 October, the Turkish Parliament […]

HP News
Innovative wholesaler JJ wins new contract with London Borough of Newham

  National wholesaler JJ Food Service has renewed a multi-million pound contract to supply school meals across the London Borough of Newham. The wholesaler has supplied the borough for the past four years with frozen foods. It has now added grocery products to the contract, more than doubling its value. Group General Manager, Terry Larkin […]

Entrepreneurs
Nevzat Aydın: ‘the best boss in the world’

A Turkish entrepreneur whose online business was recently sold in a multi-million pound deal has hit the headlines following his decision to share his newly-made fortune with his staff. Nevzat Aydın (pictured above) is the co-founder and CEO of Yemeksepeti, a food delivery company in Turkey that he started with three others 15 years ago. […]