Time Warner eyes stake in Turkish conglom

Using its quest for Nederlander TV giant Endemol delayed, Time Warner is constantly on the eye worldwide assets -- the most recent as being a potential stake in Turkish media conglom ATV-Sabah.Parent company Calik Holding is fielding bids for the organization, that is worth $700 billion-$1 billion, based on press reviews Friday. Time Warner together with private equity finance firm TPG Capital and possible other equity partners stated to possess expressed interest having a first round of bids due in the finish from the month.A Period Warner spokesperson in NY rejected to comment.But the organization has not been shy about its need to expand worldwide. It's made two bids for reality and game show producer Endemol in recent several weeks. With limited possibilities for expansion and slow growth Stateside most large U.S. media companies find worldwide assets, specifically in emerging marketplaces, very attractive. ATV-Sabah controls ATV television, newspapers, magazines and r / c. Contact the range newsroom at news@variety.com