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Dogan Yayın, which runs newspapers and TV stations, made the offer to Digiturk owner Çaukurova Holding and to the state Savings Deposit Insurance Fund of Turkey, it said in a statement to the Istanbul stock exchange.
Türk Telekom also submitted a non-binding offer to buy a 53 per cent stake in the company in July, but the Çukurova Group found Türk Telekom’s $530-million offer too low. Providence also submitted a non-binding offer, which had then been the highest, according to reports. Qatar-based TV channel Al Jazeera had also voiced interest in buying the majority stake in the company.