Al Jazeera Turk offers $21 mln for Turkish TV

Al Jazeera's offer is almost half of the initial price the Turkish fund sought.

Al Jazeera Turk offers $21 mln for Turkish TV

Al Jazeera Turk on Monday placed a $21 million bid in a tender for the sale of a national TV station, which had been seized by Turkey's savings deposit insurance fund.

The Qatar-based news network was the sole bidder in the tender for the sale of the TV channel, CINE 5, once owned by bankrupt media mogul, Erol Aksoy.

Al Jazeera's offer is almost half of the initial price the Turkish fund sought.

The $21 million bid is set to be referred to a higher board, which would decide either to bargain further or close the auction as is.

February 4 has been set as the date for further bargaining in case the board opts to carry on with the sale of the TV station.

Al Jazeera has said it would launch broadcast in Turkish in the first quarter of this year.

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Last Mod: 01 Şubat 2011, 10:13
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