Within the scope of our previous public disclosure, in accordance with the "Share Sales Agreement" signed on April 6, 2018 between our Company and Demirören Medya Yatırımları Ticaret A.Ş., regarding the sales of all of our shares in our direct subsidiaries Doğan Gazetecilik A.Ş., Hürriyet Gazetecilik ve Matbaacılık A.Ş., Doğan TV Holding A.Ş., Doğan Haber Ajansı A.Ş., Doğan Dağıtım Satış Pazarlama Matbaacılık Ödeme Aracılık ve Tahsilat Sistemleri A.Ş., Doğan İnternet Yayıncılığı ve Yatırım A.Ş. and Doğan Media International GmbH (collectively "Companies to Be Transferred") and in our indirect subsidiary Mozaik İletişim Hizmetleri A.Ş. and the sales of the royalties of "Radyo D" and "CNN Türk Radyo", as a result of the call option right exercised, to Demirören Medya Yatırımları Ticaret A.Ş. ("Buyer") in cash and in advance for US$ 893,000,000 in total ("Sales Price"); the sales and transfer of the shares have been completed as of today as a result of the fulfillment of the "closing conditions" and the Sales Price has been freely transferred to our accounts fully in cash.
In addition to the Sales Price, the amount of US$ 26,000,000 (so that the total Sales Price will be US$ 919,000,000) will be separately collected upon the transfer of 138,999,811 non-controlling share certificates, held by Commerz Film GmbH at Doğan TV Holding A.Ş. and corresponding to 6.68% of the capital of Doğan TV Holding A.Ş., to Demirören Medya Yatırımları Ticaret A.Ş. as previously disclosed to the public.
Within the scope of the said share transfers, since a "change in control" occurred, the receivables of US$ 67,000,000 from the Companies to Be Transferred arose as a result of the redemption of the bank debts of the Companies to Be Transferred, and a separate guarantee was taken from the Buyer for the said financial receivables to be paid on June 1, 2018 at the latest.
On the other hand, the takeover transactions of the below-listed company shares/assets were completed within the scope of the aforementioned "Share Sales Agreement" and as stipulated in the "Share Sales Agreement". In this respect, in brief:
have transferred to our company and/or our direct or indirect subsidiaries