By Sarah Townsend
Al Jazeera’s sports arm makes acquisition from Turkey’s Çukurova Group
Qatari sports broadcaster BeIN Media Group said on Friday it had acquired DP Acquisitions, the holding company of Turkish pay-TV group Digiturk, for an undisclosed sum.
BeIN Media Group said it had completed the acquisition of Digiturk from its majority owner Çukurova Group, along with funds controlled by its 47 percent shareholder, US private equity group Providence Equity Partners.
The acquisition is part of expansion plans for beIN, in particular in Turkey, the company said.
Digiturk has broadcasting rights for Turkey’s top soccer league until the end of the 2016-2017 season, and offers a mix of other sports and entertainment content across 219 channels to around 3.3 million subscribers.
The announcement follows initial reports of the deal last year, when three sources told Reuters beIN was in advanced talks to buy the station.
BeIN Media Group is an affiliate of Qatari television network Al Jazeera. Its assets include beIN Sports, which operates in 36 countries through 38 channels, as well as 20 other sports, film and children’s entertainment channels.
In March 2016, beIN acquired Miramax film studios, adding production capabilities and a library of more than 700 films to the group.
Nasser Al Khelaïfi, chairman and CEO of BeIN Media Group, said: “This acquisition represents the largest deal in the history of our group and a major milestone in our global expansion.
“Furthermore, this acquisition underscores our commitment to provide the highest quality broadcast experience in high growth potential and mature markets.
“Neighbouring the MENA [Middle East and North Africa] region and within close proximity to our key markets in Europe and Asia, our expansion in Turkey is an essential next step for the beIN Media Group.