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News Corp Among 3 Bidders for Calik Media

Image News Corp, Time Warner and TPG Capital have placed bids of up to around $1 billion for the ATV-Sabah media unit of Turkey's Calik Holding, three sources close to the matter told Reuters on Monday. Calik Holding, which also has interests in energy and finance, paid $1.1 billion in 2007 for ATV-Sabah, one of Turkey's largest media groups, and two of the sources said the company did not want to make a loss on the deal.
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