TPG sits tight in Hong Kong bid

Frater, Patrick
July 2006
Daily Variety;7/27/2006, Vol. 292 Issue 17, p15
Trade Publication
The article reports that the U.S. buyout firm TPG/New bridge is holding tight on its $7 billion bid for Hong Kong media and Pacific Century CyberWorks Ltd.(PCCW). Chinese government is the owner of China Netcom Corp. and does not want Hong Kong telco assets to go into non-Chinese hands. Netcom has a veto on the sale of key assets.


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