IDG Capital Partners has agreed to acquire a 20% stake in French soccer club operator Olympique Lyonnais for €100 million (US$112 million) via convertible bonds to help it expand in China, says a company announcement. As part of the investment, which is based on a €500 million valuation post-money, IDG and Olympique Lyonnais plan to […]
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PCCW Ltd and Tencent Holdings Ltd have made a strategic investment in STX Entertainment, a Hollywood film studio and distributor backed by Hony Capital and TPG's growth unit, says a company announcement. In a regulatory filing, PCCW said that it had taken an equity stake in STX Filmworks, the film division of STX Entertainment, for […]
Hon Hai's Foxconn, which is already a major original equipment manufacturer for Apple, is set to enhance its ability to …