Vivendi Acquires A Stake In PCCW’s Viu

Jun 23, 2023

∙ Paid

PCCW Ltd (8 HK) is selling an initial 26.1% equity stake in its streaming platform Viu, to Vivendi SA (VIV FP)'s Canal+, for US$200mn.
Via a staggered investment, Canal+ can increase its equity to US$300mn. In addition, a further investment, at Canal+'s option, could result in increasing its stake in Viu to 51%.
Elsewhere, PCCW's 18% discount to NAV is the narrowest in over two years.

Keep reading with a 7-day free trial

Subscribe to Hong Kong/China M&A/Events to keep reading this post and get 7 days of free access to the full post archives.