Al Jazeera expands sports coverage and acquires a Turkish satellite network
The Qatari television network bought Turkey's Digiturk on Monday. (AFP/File)
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Qatari-based television network Al Jazeera's sports arm has acquired Turkish satellite network Digiturk, the companies said in a joint statement late on Monday.
The BeIN sports network which operates in Asia, Europe and the United States, would reportedly benefit from synergies with Digiturk channels.
Digiturk, which has broadcasting rights for Turkey's top soccer league until the end of the 2016-2017 season, is 53 percent owned by Turkey's Cukurova Holding, a holding controlled by Turkish businessman Mehmet Emin Karamehmet, (its Digiturk stake was seized in 2013 by Turkey's Savings Deposit Insurance Fund (TMSF) for its debts to the state ) and 47 percent owned by U.S. private equity group Providence Equity Partners.
The fund declined to comment on the move. Financial details of the deal were not disclosed.
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