Turkey's largest media company Dogan Yayin Holding AS (DYHOL.IS), which is locked in a tax battle with the government, refused to comment Wednesday on news reports that it had put bids from Time Warner and two U.S. private equity funds, KKR and TPG, on a short list of potential buyers for the media group's assets, excluding the flagship Hurriyet daily.

The media firm said in a statement Wednesday that "due diligence is continuing" and stressed there was "no news that necessitated further comment."

Dogan also refused to comment on reports that it would separately sell the Hurriyet newspaper, and had hired investment bank Goldman Sachs Group Inc. (GS) to shepherd the sale.

Goldman Sachs weren't immediately available for comment.

The news sent Dogan Yayin shares 3.02% higher to TRY2.05, while Hurriyet jumped 10.75% to TRY2.06 by mid-day.

-By Joe Parkinson, Dow Jones Newswires' +902122743675; joe.parkinson@dowjones.com
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