Share transfer crisis between Halk TV and Flash Haber: Who is behind it?

Halk TV owner Cafer Mahiroğlu has explained for the first time why the share transfer has not been completed to date, following his announcement on November 25 that Flash Haber had joined the Halk TV family.

In a statement titled "Announcement to the Public," Cafer Mahiroğlu said, "I had announced on November 25 that Flash Haber had joined the Halk TV family. Reports have appeared on some news websites suggesting that we have decided against acquiring Flash Haber. Such a thing is out of the question for us."

Asking the question, "So what happened?" Cafer Mahiroğlu described the process as follows:

"During the sales process, several protocols were signed that set specific dates for company due diligence and transfer processes, describing every stage, and payment was made in the presence of lawyers. Based on these mutually signed protocols, the transfer procedures were required to be completed by November 30, 2024, at the latest.

Three days after the payment was made, as no issues were seen in the sales process, a statement was drafted in consultation with the Chairperson of the Board of Flash Haber, and with their approval, it was announced that Flash Haber had joined the Halk TV family.

Although our lawyer made a written request to the opposing party's lawyers for the share transfer on November 30, 2024, as required by the protocol, no response was received from the counterparty."

"WHERE DOES THIS POWER COME FROM?"

Cafer Mahiroğlu recounted a phone conversation with Flash Haber Chairperson of the Board Özge Göktuğ Güleç as follows:

"When the Chairperson of the Board of Flash Haber was reached by phone and asked why the lawyers had not responded to our written request, they stated that they had been 'holding meetings in Ankara for 2 days and had been subjected to various threats and pressures,' and they have refrained from the share transfer to this day by putting forward hard-to-believe claims that no institution of the Republic of Turkey would stoop to.

When a refund of the payment was requested, they stated that they could not make the payment, which is contrary to the protocols, the law, and commercial ethics.

In the Republic of Turkey, which is a state of law, we cannot help but ask the question: 'What lies behind the failure to perform the share transfer or refund the money contrary to the protocols, or where does this power come from?'

We call on the Chairperson of the Board of Flash Haber to urgently make the refund or the share transfer instead of hiding behind the hard-to-believe claims they described over the phone."