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PCCW and Tencent take stakes in STX Entertainment in content push

Connectivity BusinessbyConnectivity Business
August 12, 2016
in Investments, Space Services, Strategy and Markets
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Hong Kong-based TMT holding company PCCW and Chinese media and communications holding company Tencent have each acquired equity stakes in Hollywood studio STX Entertainment. PCCW, which has a majority stake in Hong Kong Telecom (HKT), said that in connection with its investment, it has signed an overseas content distribution agreement with STX Entertainment that will enhance its offerings […]

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Tags: Asia PacificEast West BankHong Kong Telecommunications (PCCW)Hony CapitalKirkland & Ellis LLPNorth AmericaPCCWPremiumSTX EntertainmentTencentTF248The Raine GroupTPG
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