TMSF


BeIN finalises acquisition of Digitürk

Turkey’s Saving Deposit Insurance Fund (TMSF) has completed the sale of pay TV operation Digitürk to Qatar’s BeIN Media Group. Digitürk was 53.3% owned by Çukurova Holdinga snd 46.7% owned by private equity group Providence Equity. Digitürk has an estimated 3.5 million subscribers. The sale price has not been disclosed by is reported to be […]

New bidders emerge for Digiturk

Turk Telekom, Dogan Holding and Dogus Group have emerged as potential buyers for troubled pay TV operator Digiturk, with a deal likely to be valued at up to US$1 billion, according to Reuters. The news agency cited banking sources as saying that News Corp and Liberty Global may also be interested in acquiring the pay […]

Ciner Group pays $402m for Show TV

Turkish conglomerate Ciner Group has acquired Turkish commercial channel Show TV for US$402 million. The Savings Deposit Insurance Fund (TMSF), which had seized the Çukurova Group’s stake in the company after the firm had failed to make payments on debts, closed the deal last week according to a statement. Further to that, Ciner Group has […]

Digiturk ‘on the block’

Turkey’s Digitürk may be sold off in whole or in part following a Turkish state fund’s seizure of 12 companies owned by the pay TV operator’s majority owner, Çukurova Group, according to local reports. Sakir Ercan Gül, chairman of the Turkish Saving Deposit Insurance Fund (TMSF), told Bloomberg at the weekend that the TMSF would […]