Al Jazeera sports arm acquires Turkey's Digiturk

BeIN Media Group says it has completed deal to buy Turkish satellite network
Al Jazeera Digiturk, BeIn Group, Deal, Digiturk acquisition, Network, Satellite, Takeover, Turkish, News, Broadcast Business

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An affiliate of Qatari-based television network Al Jazeera has acquired Turkish satellite network Digiturk, a statement from the companies said late on Monday.

In March three sources familiar with the matter told Reuters that BeIN Media Group, which runs the beIN sports network of channels operating in Asia, Europe and the United States, was in advanced talks to buy the Turkish network.

No sale amount was given for the deal.

Digiturk, which has broadcasting rights for Turkey's top soccer league until the end of the 2016-2017 season, is 53 per cent owned by Turkey's Cukurova Holding and 47 percent owned by US private equity group Providence Equity Partners.

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