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Digitürk sale approved

June 6, 2016 08.39 Europe/London By Julian Clover

The sale of Turkish satellite platform Digitürk to the Qatari-based beIN Media Group has been approved by the Saving Deposit Insurance Fund (TMSF).

The deal to purchase the 3.2 million subscriber operation is said to be worth $1.2 billion.

TMSF had previously seized 53% of Digitürk from Çukurova Holding in 2013 for non-payment of debts to the state agency.

Payment will be made in 60 days pending any legal objections to the sale.

The remaining 47% of Digitürk belonged to the US equity group Providence Equity Partners.

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Filed Under: Editor's Choice, Finance, Newsline Tagged With: beIN Sports, Digitürk Edited: 7 June 2016 09:02

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About Julian Clover

Julian Clover is a Media and Technology journalist based in Cambridge, UK. He works in online and printed media. Julian is also a voice on local radio. You can talk to Julian on X @julianclover, or by email at jclover@broadbandtvnews.com.

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