PCCW, Tencent invest in STX Entertainment, deal valued at $1.5b

PCCW, Tencent invest in STX Entertainment, deal valued at $1.5b

REUTERS/Kim Kyung-Hoon

PCCW Ltd. and Tencent Holdings Ltd. are leading an investment round in STX Entertainment, giving the distributor of the feature films “Bad Moms” and “The Gift” funds to build its TV division, expand internationally and acquire digital media start-ups.

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