Digiturk has reportedly been sold to the Qatari BeIN Media Group for a fee of between $1 billion and $1.2 billion.
Quoting the Turkish daily Star, BGN News says that BeIN will control all the shares in the DTH platform, pending approval by the Savings Deposit Insurance Fund (TMSF).
The latter originally seized 53% of Digitürk from Çukurova Holding in 2013 for non-payment of debts to the state agency.
The remaining 47% of Digitürk belonged to the US equity group Providence Equity Partners, and with the latter having announced it has completed its sales discussions, complete ownership of the company is set to pass into BeIN’s hands.
BeIN Media Group’s current assets include Al Jazeera.