"Cukurova in talks to sell Show TV stake" - Sabah

"Turkey's Cukurova Holding is in talks with two U.S. private equity firms to sell as much as 49 percent of its television channel Show TV to finance tax debts, a source close to the matter told Reuters. Cukurova, which controls the country's biggest mobile network Turkcell, is talking to KKR and Texas Pacific Group, the source said. "Cukurova Group wants to keep a 51 percent stake," he said. Show TV is valued at at least $800 million and the valuation could easily rise above $1 billion based .