beIN Sports acquires Digiturk
July 14, 2015
beIN Sports, an affiliate of Al Jazeera, has completed the acquisition of Turkish satellite network Digiturk. The fee is reported to be in the region of $1.5 billion (€1.35bn).
Digiturk, which has broadcasting rights for Turkey’s top football league until the end of the 2016-2017 season, is 53 per cent owned by Turkey’s Cukurova Holding and 47 per cent owned by U.S. private equity group Providence Equity Partners.
In a statement, beIN Media Group said: “The acquisition of Digiturk is in line with our goal to keep expanding in markets with potential for significant growth. Our entry into the Turkish market is a natural step for the beIN Media Group. We aim to develop the Digiturk platform and the Türk pay-TV as well as the sports market.”