China’s Tencent, PCCW invest in PE-backed STX Entertainment
China’s Tencent Holdings and Hong Kong-based telecom company PCCW have made equity investments in STX Entertainment, a Hollywood film and TV studio backed by Hony Capital and TPG Capital's growth arm.
The size of the round was not disclosed but it reportedly values the studio at nearly $1.5 billion. Dominic Ng, CEO of Los Angeles-based East West Bank, also came in as a new investor, while Hony, TPG,...
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