Canal+ Boosts Stake in Asian Streamer Viu [Yahoo! Finance]
HKT TRUST AND HK UNSP/ADR (HKTTY)
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Source: Yahoo! Finance
“After satisfaction of key business milestones, Canal+ Group has released the last installment of its $300 million staggered investment,” it explained. “A further investment, at Canal+ election, could result in an increase of Canal+'s stake in Viu to 51 percent.” More from The Hollywood Reporter 'Train to Busan' Director Yeon Sang-ho Teams With Alfonso Cuarón for Netflix Thriller 'Revelations' (Exclusive) Jude Law on Why He's "Proud" of How He Handled Fame and Scrutiny in Hollywood Is the Venice Film Festival Big Enough for Brad and Angelina? (No.) The company didn't immediately outline what would be needed for it to make such a decision to go for a majority stake in the Hong Kong-based video streamer. But it did highlight its interest in Asia. “This investment is a renewed testimony to Canal+'s commitment to develop Asia as one of the group's growth engines and underlines Canal+'s confidence in Viu and its team.” Canal+ first bought into Viu, led by CEO Janice Lee, in a
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