Al Jazeera weighs bid for stake in $1 billion Turkish pay-TV company

DUBAI/ISTANBUL (Reuters) – Qatari-backed broadcaster Al Jazeera is considering a bid for a majority stake in Turkish pay-TV company Digiturk to boost its soccer offering ahead of the 2022 World Cup finals in Qatar, banking sources familiar with the plans said on Wednesday. A number of potential buyers have shown an interest in Digiturk since a 53-percent stake in the company was seized by Turkey’s Savings Deposit Insurance Fund (TMSF) from Cukurova Holding in May because of the conglomerate’s debts to the state agency. Al Jazeera’s interest stems from Digiturk’s $321 million-a-year deal for exclusive rights to Turkey’s Super League championship, one of the sources said. “It’s really the football rights that differentiates Digiturk from others, and the Qataris are keen to get that access,” the source said.

    

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