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HURRY Hurriyet Gazete Tl (PK)

3.00
0.00 (0.00%)
10 Jan 2025 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Hurriyet Gazete Tl (PK) USOTC:HURRY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 3.00 3.00 3.00 0.00 00:00:00

Turkey's Dogan Refuses To Comment On Asset Sale, Hurriyet Reports

05/01/2011 12:55pm

Dow Jones News


Hurriyet Gazete Tl (PK) (USOTC:HURRY)
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Turkey's largest media company Dogan Yayin Holding AS (DYHOL.IS), which is locked in a tax battle with the government, refused to comment Wednesday on news reports that it had put bids from Time Warner and two U.S. private equity funds, KKR and TPG, on a short list of potential buyers for the media group's assets, excluding the flagship Hurriyet daily.

The media firm said in a statement Wednesday that "due diligence is continuing" and stressed there was "no news that necessitated further comment."

Dogan also refused to comment on reports that it would separately sell the Hurriyet newspaper, and had hired investment bank Goldman Sachs Group Inc. (GS) to shepherd the sale.

Goldman Sachs weren't immediately available for comment.

The news sent Dogan Yayin shares 3.02% higher to TRY2.05, while Hurriyet jumped 10.75% to TRY2.06 by mid-day.

-By Joe Parkinson, Dow Jones Newswires' +902122743675; joe.parkinson@dowjones.com

 
 

1 Year Hurriyet Gazete Tl (PK) Chart

1 Year Hurriyet Gazete Tl (PK) Chart

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1 Month Hurriyet Gazete Tl (PK) Chart