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Wednesday, July 3, 2013

Turk Telekom, others eye $1 billion pay-TV group Digiturk-sources, (NASDAQ: LBTYA)

Turk Telekom, Dogan Holding and Dogus Group are among possible buyers for Turkish digital pay-TV operator Digiturk, in a deal seen worth up to $1 billion, banking sources close to the matter told Reuters.NewsCorp and Liberty Global may also be interested in Digiturk, majority owned by Cukurova, they said.State agency the Savings Deposit Insurance Fund (TMSF) in May seized control of Digiturk and dozens of other companies belonging to the troubled Cukurova Group.U.S. private equity group Providence Equity Partners own 47 percent of Digiturk.

Liberty Global PLC, formerly Liberty Global, Inc. Shares of LBTYA remained unchanged at $75.65. In the past year, the shares have traded as low as $44.87 and as high as $75.86. On average, 3177480 shares of LBTYA exchange hands on a given day and today's volume is recorded at 0.



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