Media Markt Istanbul has begun negotiations to acquire Teknosa Iç ve Dis Ticaret A.S. (IBSE:TKNSA) (TKNS) from Haci Ömer Sabanci Holding A.S. (IBSE:SAHOL), Bloomberg International reported. Sources told Bloomberg the talks were based on acquiring all the shares of Teknosa, noting that if the deal was inked Teknosa's 210 stores would be added to the Media Markt's 45 stores. The report made no mention of a possible price.

Following the reports, TKNS shares jumped on July 4, 2018 from TRY 5.19 to TRY 5.48, before declining back to TRY 5.21. On the other hand, Media Markt's shares jumped more than 6%.