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Istanbul Bilgi University

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uuid000abr5

Namestring
Istanbul Bilgi University
Legal namestring
İstanbul Bilgi Üniversitesi
Websiteurl
bilgi.edu.tr
Company typeenum
Private
Founded yearint
1996
Descriptiontext

Istanbul Bilgi University is a private foundation university (vakıf üniversitesi) headquartered in Istanbul, Turkey, founded in 1996 under the motto "We learn for life, not for school." The university serves more than 20,000 students across eight faculties — Applied Sciences, Architecture, Business, Communication, Engineering and Natural Sciences, Health Sciences, Law, and Social Sciences and Humanities — supplemented by vocational schools and graduate institutes. Instruction is delivered primarily in English through three Istanbul campuses (santralistanbul, Kuştepe, and Dolapdere), with the flagship santralistanbul campus housed in a historic former power plant that also serves as a cultural center.

The university's core academic technology stack is built around BİLGİ Learn, a Moodle-based Learning Management System integrated with Microsoft 365 for single sign-on (using @bilgi.edu.tr / @bilgiedu.net credentials with 2-step verification), Turnitin for plagiarism detection, and Zoom for live virtual classes, all synchronized daily with the SIS (Student Information System). Supporting platforms include the English Language Preparatory Program (ELP), the BİLGİ Library and E-Resources unit, the BİLGİ Talent career-services platform, and a Technology Transfer Office handling externally funded research and university-industry collaboration. The institution holds an unusually broad accreditation stack — YÖKAK institutional accreditation, MUDEK (engineering), FEDEK, CEA (English language), ISO/IEC 27001 information security, TYÇ, and TURQUALITY — and ranks among Turkey's top four foundation universities in QS Sustainability 2024 and 2nd in QS Graduate Employability (Europe 2024).

The business model is tuition-led and subscription-recurring, with four documented revenue streams: domestic undergraduate/graduate tuition (routed through Turkey's centralized YKS admission system), international student tuition (English-medium programs via a dedicated international admissions portal, with scholarships), summer schools and continuing education, and research/consulting services through university-industry collaboration and externally funded projects. The institution is currently operating under the management of TMSF (Savings Deposit Insurance Fund), a Turkish government entity that took control in 2024 after Can Holding, the former owner, was seized amid a criminal investigation into alleged fraud and money laundering. A brief presidential decree to close the university in May 2026 was reversed three days later following student and faculty protests.

Short descriptiontext

Istanbul Bilgi University is a private foundation university in Istanbul, Turkey, founded in 1996. It serves over 20,000 students across 8 faculties and 3 campuses, offering English-medium undergraduate and graduate programs with international recruitment, and currently operates under Turkish government TMSF management.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersIstanbul
HQ citystring
Istanbul
Markets served

Serves global market

Offices3 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
higher education, foundation university, undergraduate programs, graduate programs, English-medium instruction
NAICS code1 code
  • Colleges, Universities, and Professional Schools6113
SIC code1 code
  • Services-Educational Services8200
Product category
Higher Education
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model4 records
1Domestic Undergraduate/Graduate Tuition
TypeSubscription Recurring
Description

Fee-based undergraduate and graduate education for domestic students through Turkey's higher education system.

bilgi.edu.tr
2International Student Tuition
TypeSubscription Recurring
Description

Tuition fees charged to international students for English-language programs, with scholarship opportunities available.

bilgi.edu.tr
3Summer Schools and Continuing Education
TypeSubscription Recurring
Description

Revenue from summer school programs, language courses, and continuing education offerings.

bilgi.edu.tr
4Research and Consulting Services
TypeProfessional Services
Description

University-industry collaboration, externally funded research projects, and technology transfer office activities generating revenue.

bilgi.edu.tr
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Pricing details2 tiers
1International Undergraduate Tuition
ModelSubscriptionBilling cadenceAnnual
Notes

Tuition fees for international students vary by program. Information available on the tuition and fees page. Scholarship opportunities mentioned.

bilgi.edu.tr
2International Graduate Tuition
ModelSubscriptionBilling cadenceAnnual
Notes

Graduate program tuition for international students. Separate graduate application portal and fee structure.

bilgi.edu.tr
GTM typeB2C
B2C
Offering typeServices
Services
Core offering1 text field

Istanbul Bilgi University is a private foundation university delivering undergraduate and graduate degree programs across eight faculties (Applied Sciences, Architecture, Business, Communication, Engineering and Natural Sciences, Health Sciences, Law, Social Sciences and Humanities), vocational schools, and institutes. Education is delivered in English at its three Istanbul campuses, supported by a Moodle-based LMS (BİLGİ Learn), with additional summer schools, English preparatory programs, research services, and continuing education offerings.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • 27 student projects awarded TÜBİTAK Funding
+1 more record
Product overview1 text field

Istanbul Bilgi University operates as a comprehensive private higher education institution offering a multi-campus academic platform. The university provides undergraduate and graduate programs across multiple faculties (Applied Sciences, Architecture, Business, Communication, Engineering and Natural Sciences, Health Sciences, Law, Social Sciences and Humanities), vocational schools, and institutes. Key educational technology platforms include BİLGİ Learn (Moodle-based LMS for online learning), SIS (Student Information System for course registration and academic records), and the English Language Preparatory Program. The institution also supports research through Technology Transfer Office, various research centers, and provides student services including shuttle transportation and library resources.

Product and service7 records
1Undergraduate Degree Programs
CategoryUndergraduate education
Description

English-medium bachelor's degree programs across eight faculties including Applied Sciences, Architecture, Business, Communication, Engineering and Natural Sciences, Health Sciences, Law, and Social Sciences and Humanities, aimed at domestic and international students entering higher education.

2Graduate Degree Programs
CategoryGraduate education
Description

Master's and doctoral programs across multiple disciplines, including a Social Projects and NGO Management Master's degree program, for Turkish and international students seeking advanced academic and professional credentials.

3English Language Preparatory Program (ELP)
CategoryLanguage education
Description

Year-long English language preparatory program for students needing to reach English proficiency before beginning their degree programs. CEA accredited.

4Summer Schools
CategoryContinuing education
Description

Short-term summer programs offered by the university, generating additional revenue beyond the standard academic year.

5Vocational School Programs
CategoryVocational education
Description

Associate degree programs through the School of Advanced Vocational Studies, Vocational School of Health Services, and Vocational School of Justice, focused on technical and professional skills for direct workforce entry.

6Foreign Language Programs
CategoryLanguage education
Description

Foreign language courses beyond English offered as continuing education.

7Technology Transfer Office
CategoryResearch and consulting services
Description

University service supporting externally funded research projects, university-industry collaboration, and commercialization of academic research outcomes.

Scale indicator7 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierFlagshipTypeStrategic or Co-development PartnerAnnounced on2009-01-01
Description

Istanbul Bilgi University has supported the UN Global Compact since 2009, regularly publishing Communication on Engagement (COE) reports demonstrating commitment to sustainable development principles and corporate social responsibility.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Top-ranked private foundation university in Istanbul offering undergraduate and graduate programs in similar faculties (engineering, business, law, social sciences). Most comparable peer in terms of positioning, scale, and reliance on tuition from domestic and international students.

TypeDirect peer
Description

Istanbul-based private foundation university with similar faculty mix (engineering, natural sciences, social sciences, management) and a strong research orientation. Directly comparable on positioning, tuition-driven model, and target student segments.

TypeDirect peer
Description

Istanbul private foundation university competing for similar domestic and international student pools, with English-medium instruction and programs in engineering, business, law, and social sciences — overlapping closely with BİLGİ's offering.

TypeDirect peer
Description

Large Istanbul-based private foundation university with broad faculty coverage (engineering, business, communication, health, law, architecture) and significant international student recruitment — directly competing with BİLGİ for the same target segments.

TypeDirect peer
Description

Ankara-based private foundation university with a comparable research-intensive profile, broad faculty structure, and significant international student population. Comparable on operating model, scale, and academic positioning.

TypeDirect peer
Description

Istanbul-based private foundation university with overlapping faculties (engineering, business, law, communication) and similar tuition-driven economics, competing directly in the same Istanbul recruitment market.

TypeBroad incumbent
Description

Elite Istanbul state research university that competes with BİLGİ for top domestic and international students across engineering, business, and social sciences. As a public institution it is broader in scope and not a direct private competitor, but anchors the same competitive set.

TypeBroad incumbent
Description

Major Turkish state technical university based in Istanbul with strong engineering, architecture, and natural sciences programs. Overlaps significantly with BİLGİ's Faculty of Engineering and Faculty of Architecture as a competitor for technical students.

TypeBroad incumbent
Description

Top-ranked Turkish state research university with strong engineering, architecture, and natural sciences programs. Competes with BİLGİ for top-tier domestic and international students, especially in technical and scientific fields.

10Doğuş University
TypeRegional player
Description

Istanbul-based private foundation university with comparable faculties (engineering, economics, law, arts and sciences) that overlaps with BİLGİ on target student segments in the Istanbul market.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers1 record

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment5 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

Integration3 records

Each record includes

Title, Type, Description, Source

AI capability3 records

Each record includes

Type, Description, Source

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Istanbul Bilgi University

Higher Educationbilgi.edu.tr

Istanbul Bilgi University is a private foundation university in Istanbul, Turkey, founded in 1996. It serves over 20,000 students across 8 faculties and 3 campuses, offering English-medium undergraduate and graduate programs with international recruitment, and currently operates under Turkish government TMSF management.

What Istanbul Bilgi University does

Istanbul Bilgi University is a private foundation university (vakıf üniversitesi) headquartered in Istanbul, Turkey, founded in 1996 under the motto "We learn for life, not for school." The university serves more than 20,000 students across eight faculties — Applied Sciences, Architecture, Business, Communication, Engineering and Natural Sciences, Health Sciences, Law, and Social Sciences and Humanities — supplemented by vocational schools and graduate institutes. Instruction is delivered primarily in English through three Istanbul campuses (santralistanbul, Kuştepe, and Dolapdere), with the flagship santralistanbul campus housed in a historic former power plant that also serves as a cultural center.

The university's core academic technology stack is built around BİLGİ Learn, a Moodle-based Learning Management System integrated with Microsoft 365 for single sign-on (using @bilgi.edu.tr / @bilgiedu.net credentials with 2-step verification), Turnitin for plagiarism detection, and Zoom for live virtual classes, all synchronized daily with the SIS (Student Information System). Supporting platforms include the English Language Preparatory Program (ELP), the BİLGİ Library and E-Resources unit, the BİLGİ Talent career-services platform, and a Technology Transfer Office handling externally funded research and university-industry collaboration. The institution holds an unusually broad accreditation stack — YÖKAK institutional accreditation, MUDEK (engineering), FEDEK, CEA (English language), ISO/IEC 27001 information security, TYÇ, and TURQUALITY — and ranks among Turkey's top four foundation universities in QS Sustainability 2024 and 2nd in QS Graduate Employability (Europe 2024).

The business model is tuition-led and subscription-recurring, with four documented revenue streams: domestic undergraduate/graduate tuition (routed through Turkey's centralized YKS admission system), international student tuition (English-medium programs via a dedicated international admissions portal, with scholarships), summer schools and continuing education, and research/consulting services through university-industry collaboration and externally funded projects. The institution is currently operating under the management of TMSF (Savings Deposit Insurance Fund), a Turkish government entity that took control in 2024 after Can Holding, the former owner, was seized amid a criminal investigation into alleged fraud and money laundering. A brief presidential decree to close the university in May 2026 was reversed three days later following student and faculty protests.

Istanbul Bilgi University firmographics

Firmographics
Name
Istanbul Bilgi University
Legal name
İstanbul Bilgi Üniversitesi
Website
https://bilgi.edu.tr
Company type
Private
Founded year
1996
Operating status
Operating
Headcount range
1,001–5,000 employees
Short description
Istanbul Bilgi University is a private foundation university in Istanbul, Turkey, founded in 1996. It serves over 20,000 students across 8 faculties and 3 campuses, offering English-medium undergraduate and graduate programs with international recruitment, and currently operates under Turkish government TMSF management.
Ownership category
akta.pro rank

Where Istanbul Bilgi University is headquartered

Location

Headquarters

HQ city
Istanbul

Offices3 records

Markets served

Istanbul Bilgi University business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

  1. Domestic Undergraduate/Graduate Tuition: Fee-based undergraduate and graduate education for domestic students through Turkey's higher education system.
  2. International Student Tuition: Tuition fees charged to international students for English-language programs, with scholarship opportunities available.
  3. Summer Schools and Continuing Education: Revenue from summer school programs, language courses, and continuing education offerings.
  4. Research and Consulting Services: University-industry collaboration, externally funded research projects, and technology transfer office activities generating revenue.

Pricing tiers

ModelBillingPrice
SubscriptionAnnualInternational Undergraduate Tuition
SubscriptionAnnualInternational Graduate Tuition

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Istanbul Bilgi University product offering

Product offering

Core offering

Istanbul Bilgi University is a private foundation university delivering undergraduate and graduate degree programs across eight faculties (Applied Sciences, Architecture, Business, Communication, Engineering and Natural Sciences, Health Sciences, Law, Social Sciences and Humanities), vocational schools, and institutes. Education is delivered in English at its three Istanbul campuses, supported by a Moodle-based LMS (BİLGİ Learn), with additional summer schools, English preparatory programs, research services, and continuing education offerings.

Product overview

Istanbul Bilgi University operates as a comprehensive private higher education institution offering a multi-campus academic platform. The university provides undergraduate and graduate programs across multiple faculties (Applied Sciences, Architecture, Business, Communication, Engineering and Natural Sciences, Health Sciences, Law, Social Sciences and Humanities), vocational schools, and institutes. Key educational technology platforms include BİLGİ Learn (Moodle-based LMS for online learning), SIS (Student Information System for course registration and academic records), and the English Language Preparatory Program. The institution also supports research through Technology Transfer Office, various research centers, and provides student services including shuttle transportation and library resources.

Differentiator

Problem solved

Functional benefit

Products and services

  • Undergraduate Degree Programs English-medium bachelor's degree programs across eight faculties including Applied Sciences, Architecture, Business, Communication, Engineering and Natural Sciences, Health Sciences, Law, and Social Sciences and Humanities, aimed at domestic and international students entering higher education.
  • Graduate Degree Programs Master's and doctoral programs across multiple disciplines, including a Social Projects and NGO Management Master's degree program, for Turkish and international students seeking advanced academic and professional credentials.
  • English Language Preparatory Program (ELP) Year-long English language preparatory program for students needing to reach English proficiency before beginning their degree programs. CEA accredited.
  • Summer Schools Short-term summer programs offered by the university, generating additional revenue beyond the standard academic year.
  • Vocational School Programs Associate degree programs through the School of Advanced Vocational Studies, Vocational School of Health Services, and Vocational School of Justice, focused on technical and professional skills for direct workforce entry.
  • Foreign Language Programs Foreign language courses beyond English offered as continuing education.
  • Technology Transfer Office University service supporting externally funded research projects, university-industry collaboration, and commercialization of academic research outcomes.

Quantifiable outcome

  • 27 student projects awarded TÜBİTAK Funding
  • +1 more outcomes

Companies that use Istanbul Bilgi University

Customer profile

Named customers1 record

Segments5 records

Ideal customer profiles4 records

Istanbul Bilgi University technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability3 records

Feature3 records

Istanbul Bilgi University partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • United Nations Global Compact (UNGC)flagshipStrategic or Co-development Partner · 1 January 2009Istanbul Bilgi University has supported the UN Global Compact since 2009, regularly publishing Communication on Engagement (COE) reports demonstrating commitment to sustainable development principles and corporate social responsibility.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Istanbul Bilgi University competitors and assessment

Company assessment

Direct peers

  • Koç University: Top-ranked private foundation university in Istanbul offering undergraduate and graduate programs in similar faculties (engineering, business, law, social sciences). Most comparable peer in terms of positioning, scale, and reliance on tuition from domestic and international students.
  • Sabancı University: Istanbul-based private foundation university with similar faculty mix (engineering, natural sciences, social sciences, management) and a strong research orientation. Directly comparable on positioning, tuition-driven model, and target student segments.
  • Özyeğin University: Istanbul private foundation university competing for similar domestic and international student pools, with English-medium instruction and programs in engineering, business, law, and social sciences — overlapping closely with BİLGİ's offering.
  • Bahçeşehir University: Large Istanbul-based private foundation university with broad faculty coverage (engineering, business, communication, health, law, architecture) and significant international student recruitment — directly competing with BİLGİ for the same target segments.
  • Bilkent University: Ankara-based private foundation university with a comparable research-intensive profile, broad faculty structure, and significant international student population. Comparable on operating model, scale, and academic positioning.
  • Kadir Has University: Istanbul-based private foundation university with overlapping faculties (engineering, business, law, communication) and similar tuition-driven economics, competing directly in the same Istanbul recruitment market.

Broad incumbents

  • Boğaziçi University: Elite Istanbul state research university that competes with BİLGİ for top domestic and international students across engineering, business, and social sciences. As a public institution it is broader in scope and not a direct private competitor, but anchors the same competitive set.
  • Istanbul Technical University (İTÜ): Major Turkish state technical university based in Istanbul with strong engineering, architecture, and natural sciences programs. Overlaps significantly with BİLGİ's Faculty of Engineering and Faculty of Architecture as a competitor for technical students.
  • Middle East Technical University (METU / ODTÜ): Top-ranked Turkish state research university with strong engineering, architecture, and natural sciences programs. Competes with BİLGİ for top-tier domestic and international students, especially in technical and scientific fields.

Regional players

  • Doğuş University: Istanbul-based private foundation university with comparable faculties (engineering, economics, law, arts and sciences) that overlaps with BİLGİ on target student segments in the Istanbul market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Istanbul Bilgi University social profiles

Digital presence

Istanbul Bilgi University financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Istanbul Bilgi University leadership team

Management profile

Number of profiles

Profiles3 records

Istanbul Bilgi University funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Istanbul Bilgi University M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Istanbul Bilgi University

What does Istanbul Bilgi University do?

Istanbul Bilgi University is a private foundation university delivering undergraduate and graduate degree programs across eight faculties (Applied Sciences, Architecture, Business, Communication, Engineering and Natural Sciences, Health Sciences, Law, Social Sciences and Humanities), vocational schools, and institutes. Education is delivered in English at its three Istanbul campuses, supported by a Moodle-based LMS (BİLGİ Learn), with additional summer schools, English preparatory programs, research services, and continuing education offerings.

Is Istanbul Bilgi University a public or private company?

Istanbul Bilgi University is a private company. It is classified as state government owned and is currently operating.

When was Istanbul Bilgi University founded?

Istanbul Bilgi University was founded in 1996. It employs 1,001 to 5,000 people.

Where is Istanbul Bilgi University based?

Istanbul Bilgi University is headquartered in Istanbul.

How does Istanbul Bilgi University make money?

Four revenue lines are on record. Domestic Undergraduate/Graduate Tuition is the primary driver. The others are international Student Tuition, summer Schools and Continuing Education and research and Consulting Services.

Who are Istanbul Bilgi University's main competitors?

Direct peers on record are Koç University, Sabancı University, Özyeğin University, Bahçeşehir University, Bilkent University and Kadir Has University. Broad incumbents are Boğaziçi University, Istanbul Technical University (İTÜ) and Middle East Technical University (METU / ODTÜ). Doğuş University is listed as a regional player.

Does Istanbul Bilgi University have an API?

No public API is recorded for Istanbul Bilgi University.

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Live signals
HurriyetdailynewsTrustee-hit Bilgi University sees mass placement vacancies - Türkiye NewsIstanbul Bilgi University left 40 percent of its undergraduate seats unfilled following the appointment of a government trustee in September 2025, which is linked to an ongoing investigation into Can Holding. This vacancy rate represents a significant decline from the previous year's 30 percent, with specific departments like Mechatronics Engineering seeing extremely low enrollment numbers. While foundation universities collectively experienced high vacancy rates, state universities maintained a near-full occupancy rate of 99.52 percent.WikipediaSantralIstanbul: Difference between revisionsThe Silahtarağa Power Station in Istanbul was redeveloped into SantralIstanbul, a cultural complex modeled after London's Tate Modern, featuring an energy museum, modern art museum, public library, and faculty of architecture. The project, initiated in 2004 by businessman Oğuz Özerden through Istanbul Bilgi University, was realized in partnership with Doğuş Group, Ciner Group, and Laureate Education, Inc., with main sponsorship from Kale Group and the City of Istanbul, costing over US$45 million. The complex officially opened in September 2007 with expectations of 1.5 million annual visitors.euronewsTurkey's president scraps move to close liberal Bilgi University following outcryTurkey's President Recep Tayyip Erdoğan reversed his decision on Sunday to close Istanbul Bilgi University, one of Turkey's oldest private universities, following widespread protests by students and lecturers. The university had been closed since Friday, with the closure tied to a criminal investigation into its owner Can Holding for alleged fraud and money laundering, which led to 121 companies—including Bilgi University—being seized and placed under the TMSF's management. The reversal marks a partial victory for the university community, which gathered at the campus to demand reopening.euronewsErdoğan signs decree closing Istanbul's Bilgi University amid criminal probe into ownerTurkish President Recep Tayyip Erdoğan signed a decree on Thursday to close Istanbul Bilgi University, one of Turkey's oldest private universities, eight months after its owner Can Holding was seized by the state amid a criminal investigation into alleged fraud and money laundering. The university, along with 121 other Can Holding companies including several media outlets, was placed under the management of the Savings Deposit Insurance Fund (TMSF), which now controls more than 1,000 companies. The closure affects over 20,000 students who will be automatically transferred to a designated state institution, while the fate of academic staff remains unaddressed.