Strategic Review ⁤Underway following Internal ‍Disagreements

Mubadala Investment Group is evaluating the potential sale of its investments in Türkiye, according to a report by Reuters. This move follows a period of internal conflict ⁢between the fund and its founders regarding differing restructuring strategies.

Potential Sale of Vehicle Rental Business to Tiktak

Sources indicate that Mubadala is in advanced negotiations to sell its ‍stake in a Turkish vehicle rental company to Tiktak. Neither Mubadala nor Tiktak have publicly commented on⁤ the discussions as of today.

Mubadala’s portfolio in the region also includes controlling interests in Bringing Market (a⁢ delivery business), Bringing Tools, and Bring financial units, though the specific ownership percentages in each remain undisclosed.

Interest in Bringing Market Delivery⁤ business

Beyond the vehicle rental business, Mubadala has also initiated talks to sell its shares ⁣in Bringing Market. U.S.-based DoorDash is reportedly among the potential buyers, but a definitive agreement has not yet been reached.

Investment history and Recent Restructuring

Mubadala initially invested in several subsidiaries of bridge in 2021. In 2024, the fund provided a total of $330 ⁢million in loans to the company.

Bringing Market experienced rapid growth during the COVID-19 pandemic, reaching a valuation of⁢ $12 billion in 2022.However, a subsequent decline in demand prompted the company to close its international‍ operations and undergo restructuring.