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Wednesday, February 2, 2011

Turkey's Yildiz, KKR may bid for Dogan assets-sources, (NYSE: KKR), (DYHOL)

Turkish foodmaker Yildiz Holding and U.S. private equity fund KKR (KKR.N) may bid for assets of Turkey's leading media group Dogan Yayin (DYHOL.IS), sources familiar with the deal told Reuters on Wednesday. The sources had told Reuters on Tuesday that KKR had agreed with a Turkish partner to bid for the Dogan Yayin assets. [ID:nLDE7101DJ] Dogan Yayin, embroiled in a legal battle against tax fines by the government, said in December that while it was selling media units it would not withdraw from the sector entirely.

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