Canal+ Group has formed a strategic partnership with PCCW to accelerate the growth of Viu, a leading pan-regional OTT video service with presence across Asia, the Middle East, and South Africa. As a result of the transaction, Canal+ will become a significant minority shareholder in Viu through a staggered investment of $$300 million which includes an initial investment of $200 million resulting in Canal+ holding a 26.1% stake in Viu. In addition to the $300 million, a further investment, at Canal+ option, could result in an increase of Canal+’s stake in Viu to 51%. The two parties note that partnering with Canal+ as an important strategic investor is a recognition of Viu’s leading position in the video streaming markets spanning [...]
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