"Once You Raise the Money, You Must Spend It
Michael Hedges January 8, 2007
Dogan Yayin Holdings subsidiary buys Trader Media East for €377.5 million.
Dogan Yayin logoDogan Yayin Holdings (DYH) subsidiary and Turkey’s major media house Hürriyet announced in Moscow last Friday (January 5) its offer to buy 100% of classified advertising publisher Trader Media East for €377.5 million (US$500 million), €7.55 (US$10) a share. The deal will make Hürriyet one of the world’s biggest online and offline classified advertising companies. The company owns the two major newspapers and two major television networks in Turkey."
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