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Time Warner eyes stake in Turkish conglom

Possible bid for ATV-Sabah comes as Endemol deal stalls

With its pursuit of Dutch TV giant Endemol stalled, Time Warner continues to eye international assets — the latest being a potential stake in Turkish media conglom ATV-Sabah.

Parent company Calik Holding is fielding bids for the company, which is valued at $700 billion-$1 billion, according to press reports Friday. Time Warner along with private equity firm TPG Capital and possible other equity partners said to have expressed interest with a first round of bids due at the end of the month.

A Time Warner spokesman in New York declined to comment.

But the company hasn’t been shy about its desire to expand internationally. It’s made two bids for reality and game show producer Endemol in recent months. With limited opportunities for expansion and slow growth Stateside most big U.S. media companies find international assets, particularly in emerging markets, extremely attractive.

ATV-Sabah controls ATV television, newspapers, magazines and radio stations.

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