|Turkish greeting card manufacturer, Koza Davetiye has bought a 99.99 percent stake in private television and radio broadcaster, Kanalturk, Koza said in a statement to the Istanbul Stock Exchange on Monday. The value of the transaction has not been disclosed.
Koza Davetiye is the marketing arm of Turkish invitation, wedding and greeting card publisher Ipek Matbaacilik Sanayi ve Ticaret A.S.. The company didn't give further details in its statement to the Istanbul Stock Exchange.
Koza Davetiye had formed a consortium with Europe's largest commercial broadcaster RTL Group and Sancak Group to bid in the sale of the package of seized media assets including broadcaster ATV and Sabah Newspaper. But later the consortium pulled out of the tender, leaving Calik Group as the sole bidder.
Koza owns the pro-AKP conservative Bugun daily newspaper. Although KanalTurk is a small privately owned TV channel, it is the country's loudest anti-AKP broadcaster and was the media sponsor of the demonstrations held in 2007 to protest former Foreign Minister Abdullah Gul's presidential candidacy.