Canal+ Group has increased its stake in Viu, the Asian OTT platform, to 30 per cent, in accordance with the terms of the transaction announced on June 21st 2023.

For the French media group, owned by Vivendi, this increase marks a further step in its plan to make Asia its next growth driver, through its strategic partnership with the PCCW group.

The transaction is part of a $300 million (€276.3m) staged investment, at the end of which the Canal+ group will have an option to increase its stake in Viu to 51 per cent.

Other posts by :

1. SES announces €0.25c dividend
2. Russia “blinding and destroying” German satellites
3. Bank: AST, Starlink, Kuiper targeting $200bn market
4. Rivada: Is no news good news?
5. SES celebrates Intelsat acquisition
6. Pakistan halts broadband direct-from satellite
7. India stymies Starlink launch
8. Starlink, AST SpaceMobile race for cellular consumers
9. Trouble ahoy for foreign D2D satellites over India?

Categories: Articles, Business, M&A, OTT

Tags: Canal+, OTT, viu, Vivendi