PCCW takes majority stake in Vuclip

News Video Global 12 MRT 2015
PCCW takes majority stake in Vuclip
PCCW Media has signed a deal to acquire a controlling majority stake in mobile video provider Vuclip. The deal is in line with PCCW's plans to evolve into a top digital entertainment service provider in Asia. With the acquisition, PCCW Media will accelerate its strategy of rolling out OTT video services in the region and beyond. The acquisition is subject to the usual regulatory conditions; no financial details were disclosed. 

Categories:

Video,  Mobile

Companies:

PCCW

Regions:

Global

Tags:

Corporate strategy, M&A buyouts & divestments

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