1.1 billion USD for Turkish second largest media group offered

A commission set up to auction Turkey's private ATV channel and Sabah daily will submit an offer of Calik Group's Turkuaz Radio Television to Savings Deposits & Insurance Fund (TMSF) for approval.

1.1 billion USD for Turkish second largest media group offered
Turkuaz Radio Television --the sole bidder in the auction-- offered 1.1 billion USD for ATV and Sabah.

The Fund board is expected to meet on Thursday and may ask for a hike in the price. The bargaining date was earlier set as December 7th, 2007.

ATV-Sabah group owns ATV (TV channel), Radyo City (radio station), Sabah, Takvim, Gunaydin, Yeni Asir, Pas and Fotomac (dailies), Bebegim ve Biz Merkez, Sinema Merkez, Sofra Merkez, Home Art Merkez, Samdan Plus, Yeni Aktuel, Para, Global Enerji Merkez, Transport and Hukuki Perspektifler (magazines).

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Güncelleme Tarihi: 05 Aralık 2007, 16:05
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