French TV company Canal Plus to raise stake in Asia's Viu to 30%

Reuters02-26

PARIS, Feb 26 (Reuters) - Canal Plus, the French TV company owned by Vivendi , said on Monday that it had agreed to increase its stake in Asian streaming platform Viu, owned by Hong Kong investment firm PCCW , to 30% from 26%.

Canal Plus added it had an option to increase its stake in Viu up to 51%.

(Reporting by Sudip Kar-Gupta; editing by Jason Neely)

((sudip.kargupta@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment