Bloomberg News

TPG Capital Said to Drop Pursuit of Calik Media Assets in Turkey

February 01, 2012

Jan. 31 (Bloomberg) -- TPG Capital is no longer interested in the media assets of Calik Holding AS of Turkey, a person familiar with the process said.

TPG didn’t bid for Calik units ATV television and Sabah newspaper, the person said on the condition of anonymity because the talks were private. Rupert Murdoch’s New Corp. and U.S. media company Time Warner Inc. were also weighing offers as recently as Jan. 6, four people familiar with the situation said at the time.

A spokesman for TPG declined comment. Serhat Albayrak, head of Calik’s media operations, did not answer phone calls or e- mails from Bloomberg seeking comment on the bidding process.

To contact the reporter on this story: Benjamin Harvey in Istanbul at bharvey11@bloomberg.net

To contact the editor responsible for this story: Mark Bentley at mbentley3@bloomberg.net


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