Slaughter and May advised PCCW Limited on its strategic partnership with the CANAL+ in relation to Viu

Slaughter and May advised PCCW Limited on its strategic partnership with the CANAL+ group ("CANAL+") in relation to Viu International Limited ("Viu"), an OTT video streaming service with a presence across Asia, the Middle East, and South Africa. The transaction was announced and completed on 21 June 2023.

As a result of the transaction, CANAL+ becomes a significant minority shareholder in Viu. CANAL+ has agreed to make a staggered investment of US$300 million, subject to regulatory and other conditions. Following an initial investment of US$200 million, CANAL+ holds a 26.1% interest in Viu.

PCCW Limited is a global company headquartered in Hong Kong which holds interests in telecommunications, media, IT solutions and property developments and investments, among other businesses.

CANAL+ is part of the Vivendi group and creates and distributes content worldwide.