Qatar’s Sheikh Nasser Al-Khelaifi has acquired a majority stake in Turkey’s largest pay TV operator, Digiturk, according to Turkish media reports.
Although the reports could not be verified by DigitalProductionME and the deal has not been announced officially, the US research firm IHS Technology commented on the deal and its implications.
“Reports in the Turkish Media disclose that the satellite pay TV operator Digiturk has been acquired by Sheikh Nasser Al-Khelaifi of Qatar. The reports indicate that the Sheikh has agreed to pay USD820 million for the acquisition of 53% of Digiturk,” the statement from IHS read.
Turkish media reports that Al Jazeera Media Network will take part in the business management of Digiturk.
Constantinos Papavassilopoulos, a researcher at IHS, said that the acquisition of Digiturk “marks the largest all-time takeover deal in the Turkish media market.”
He added that the deal could benefit Qatar in a number of ways including helping it to expand the global sports media franchise that beIN Media Group controls, and also bolstering Al Jazeera’s strategy of becoming an international player.A
Al Jazeera made a bid for Digiturk In December 2013. Other companies that have expressed an interest in the company are Turk Telekom and Dogan.