Yildiz and KKR to negotiate bid for Dogan?
Negotiation strategies could prove important for whichever company takes the lead to secure assets of Turkey's top media group.
Negotiation strategies may have been laid down on the table by a number of companies that are after the assets of Dogan Yayin, Turkey's leading media group.
According to sources close to the deal, US private equity firm KKR and Turkish foodmaker Yildiz could join forces to make a bid in a deal that has also attracted the Texas Pacific Group and Time Warner.
With different firms against one another, negotiation strategies may be required - particularly within the potential KKR and Yilidz partnership - to ensure a favourable outcome.
Dogan Yayin is currently at the centre of government demands to pay tax fines.
In light of the news, shares of the company rose yesterday (February 2nd) in Istanbul.
The firm closed on the Istanbul Stock Exchange yesterday at 2.04 liras (80p).
According to Dogan Yayin, it wants to become more dominant on a global platform and collaborate with world-leading companies.