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Wednesday, January 5, 2011

Dogan Yayin shortlists Time Warner, US funds bids, (NYSE: TWX), (DYHOL), (HURGZ), (NYSE: KKR)

Time Warner (TWX.N) and two U.S. private equity funds are on a shortlist of potential buyers for assets belonging to Dogan Yayin (DYHOL.IS) , Turkey's biggest media group, sources familiar with the deal said on Wednesday. Dogan Yayin is also preparing to sell its flagship Hurriyet (HURGZ.IS) daily newspaper separately, another source close to the process told Reuters, adding investment bank Goldman Sachs will invite initial bids by Feb.1. The starting price for the assets on sale, other than Hurriyet, was expected to be $1.6-$1.8 billion, and U.S. private equity funds KKR (KKR.N) and TPG [TPG.UL] were among the shortlisted bidders, sources said.