Çukurova Group


TMSF completes sale of Digitürk to BeIN Media Group

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 […]

Al Jazeera’s BeIN Sports set to take over Digiturk

Al Jazeera’s BeIN Sports is expected to acquire Turkish pay TV operator Digiturk for between US$1-US$1.2 billion (€925 million-€1.1 billion), according to local reports.  Local paper Star Gaztesi reported that finalization of the sale is imminent, pending approval by the Turkish Savings Deposit Insurance Fund (TMSF), the body that seized control of former Çukurova Holding’s […]

New potential bidders line up for Digitürk

Türk Telekom, Dogan Holding and Dogus Group have emerged as potential buyers for troubled pay TV operator Digitürk, with a deal likely to be valued at up to US$1 billion, (€770 million) according to Reuters. The news agency cited banking sources as saying that News Corp and Liberty Global may also be interested in acquiring […]

Digitürk on the block as Turkish state fund seizes Çukurova assets

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 […]