Al Jazeera considers Digiturk bid

Broadcaster Al Jazeera is considering a bid for a majority stake in Turkish digital pay-TV operator Digiturk, according to a Reuters report, citing three banking sources.

Al Jazeera has reportedly appointed Barclays Capital to advise on the matter, which could see Digiturk sold for $1 billion.

A formal bidding process for the business is expected to begin in early 2014, which could spark the interest of additional local and international parties.

Posted by on Dec 18 2013. Filed under Articles, Broadcast, Business, M&A, Pay TV.

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