DUBAI/ISTANBUL, Dec 18 (Reuters) - Television broadcaster AlJazeera is considering a bid for a majority stake in Turkishdigital pay-TV operator Digiturk, three banking sources aware ofthe plans said, in a move by the Qatar-backed broadcaster tofurther expand its footprint.
Al Jazeera, which operates under the patronage of the emirof Qatar and his family, has appointed Barclays Capital, the investment banking arm of the British lender, tohelp assist with the process, one of the sources said.
Al Jazeera was not available for comment, while Barclaysdeclined to comment.
A formal bidding process for the business is expected tobegin in early 2014 and several local and international partiesmay join the race for the asset, the sources said.