{"id":32891,"date":"2024-09-16T16:41:25","date_gmt":"2024-09-16T13:41:25","guid":{"rendered":"https:\/\/entarabi.com\/?p=32891"},"modified":"2024-09-16T16:56:31","modified_gmt":"2024-09-16T13:56:31","slug":"mubadala-acquires-a-stake-in-fintech-company-revolut","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2024\/09\/mubadala-acquires-a-stake-in-fintech-company-revolut\/","title":{"rendered":"Mubadala Acquires a Stake in Fintech Company Revolut"},"content":{"rendered":"\n<p>Mubadala, a sovereign wealth fund based in Abu Dhabi, acquired a stake in the fintech company Revolut for the first time. This came through its participation in a $500 million employee share sale, which resulted in Revolut being valued at $45 billion last month.<\/p>\n\n\n\n<p>Revolut achieved a net profit exceeding $200 million, a large portion of which went to the company\u2019s founder and CEO, Nik Storonsky, whose share sale accounted for half of the transaction.<\/p>\n\n\n\n<p>In a related development, data from the Turkish Competition Authority\u2019s website revealed about a week ago that Mubadala Investment, also owned by Abu Dhabi, had submitted a request to acquire full ownership of Getir Perakende Lojistik, a Turkish grocery delivery company.<\/p>\n\n\n\n<p>In June, Getir announced that it had received a new investment of $250 million and outlined plans for restructuring the company by splitting it into two groups, with the aim of focusing on different markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mubadala, a sovereign wealth fund based in Abu Dhabi, acquired a stake in the fintech company Revolut for the first time. This came through its participation in a $500 million employee share sale, which resulted in Revolut being valued at $45 billion last month. Revolut achieved a net profit exceeding $200 million, a large portion [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":32889,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1810],"tags":[5780,5781],"class_list":["post-32891","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-mubadala","tag-revolut"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/32891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=32891"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/32891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/32889"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=32891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=32891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=32891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}