Qatar’s beIN Media Group has completed the acquistion of Turkish pay-TV company Digitürk for a fee reported to be in the region of $1 billion.

Digitürk was 53.3 per cent owned by Çukurova Holdinga snd 46.7 per cent owned by private equity group Providence Equity.

Digitürk currently has an estimated 3.5 million pay-TV subscribers.

Earlier this year beIN Media acquired US Hollywood Studio Miramax for a fee also rumoured to about $1 billion.

Other posts by :

1. FCC boss praises AST SpaceMobile
2. Rakuten makes historic satellite video call
3. Rocket Lab confirms D2C ambitions
4. Turkey establishes satellite production ecosystem
5. Italy joins Germany in IRIS2 alternate thoughts
6. Kazakhstan to create museum at Yuri Gagarin launch site
7. AST SpaceMobile gets $42 or $1500 price target
8. Analyst: GEO bloodbath taking place
9. SES AGM results: Appaloosa still objecting

Categories: Articles, Business, M&A