Bloomberg Tech

Canal+ to Buy Stake in PCCW’s Viu Unit for $300 Million

Canal+, the French broadcaster owned by billionaire Vincent Bollore’s Vivendi SE, has agreed to buy a significant minority stake in Hong Kong-listed PCCW Ltd.’s Viu unit as part of a partnership agreement between the two media groups.

Troubles Mount for Thai Firm Hit by Accounting Scandal, Default

Bondholders of Stark Corp. Pcl called for immediate payment of about $200 million after a special audit revealed accounting irregularities, the latest trouble for the Thai electrical components maker that’s defaulted on debt and seen its shares plummet to near-zero.

Musk Says Tesla Hopes to Invest in India After Modi Meeting

Tesla Inc. is likely to make a significant investment in India, Chief Executive Officer Elon Musk said after meeting with Narendra Modi during the Indian Prime Minister’s US visit to promote development in the world’s most populous country.