TMSF approves ATV-SABAH media sale in Turkey

The Savings Deposit Insurance Fund (TMSF), approved the sale of ATV (broadcaster) and Sabah (daily newspaper) to "Turkuvaz Print, Journalism and Broadcasting Co.", on Thursday.

TMSF approves ATV-SABAH media sale in Turkey
A press release issued by TMSF said the fund's board gave Turkuvaz Co. 60 days to pay the 1.1 billion USD bidding price.

TMSF held the auction for sale of ATV-Sabah on December 5th, 2007; and Turkuvaz Radio & Television Corp. of Calik Group, the sole bidder, won the auction for 1.1 billion USD.

The Competition Board as well as Turkish Radio & Television Supreme Council (RTUK) have approved the sale recently.

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Güncelleme Tarihi: 21 Şubat 2008, 17:47
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