95 mln USD offered for Turkey's Kral TV and FM

If board members make a decision that the auction should go on with bargaining, the second auction would be held on Friday.

95 mln USD offered for Turkey's Kral TV and FM

Turkish media group Doğuş Yayin offered 95 million USD for Kral TV and Kral FM which were put on sale by Savings and Deposit Insurance Fund (TMSF).

A Yapim, a Doğuş Yayin Group company, was the sole bidder in the auction held on Wednesday, TMSF said.

Kral TV and Kral FM were on sale with an estimated value of 85 million USD.

TMSF Board will discuss and decide on Doğuş's offer, the fund said.

If board members make a decision that the auction should go on with bargaining, the second auction would be held on Friday.

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Last Mod: 19 Haziran 2008, 10:50
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