Turkey's Savings Deposit Insurance Fund, or SDIF, announced plans Tuesday to sell off Cine 5 TV, Viva TV/Radyo Viva and Show Radyo, which have an estimated total value of $57 million.
The SDIF said it would put Cine 5 TV, which has an estimated value of $40 million, up for sale on Jan. 31. The SDIF, which requires $4 million as a tender guarantee from bidders, will start collecting bids Jan. 28.
If the SDIF finds the initial offers for Cine 5 TV unsatisfactory, it will hold an auction on Feb. 4.
The SDIF will put Viva TV/Radyo Viva – with an estimated value of $6 million – up for sale on Feb. 8 and will require a $600,000 tender guarantee from bidders. It will collect offers until Feb. 7 and will hold an auction on Feb. 11 if it finds the initial bids unsatisfactory.
Show Radyo, which has an estimated value of $11 million, will be put up for sale on Feb. 15. Bidders are required to pay $1.1 million as tender guarantee. The SDIF will collect offers for the station until Feb. 14 but will hold another auction four days if the initial offers fall below what is expected.
The SDIF said it would put Cine 5 TV, which has an estimated value of $40 million, up for sale on Jan. 31. The SDIF, which requires $4 million as a tender guarantee from bidders, will start collecting bids Jan. 28.
If the SDIF finds the initial offers for Cine 5 TV unsatisfactory, it will hold an auction on Feb. 4.
The SDIF will put Viva TV/Radyo Viva – with an estimated value of $6 million – up for sale on Feb. 8 and will require a $600,000 tender guarantee from bidders. It will collect offers until Feb. 7 and will hold an auction on Feb. 11 if it finds the initial bids unsatisfactory.
Show Radyo, which has an estimated value of $11 million, will be put up for sale on Feb. 15. Bidders are required to pay $1.1 million as tender guarantee. The SDIF will collect offers for the station until Feb. 14 but will hold another auction four days if the initial offers fall below what is expected.
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