TITLE

TPG sits tight in Hong Kong bid

AUTHOR(S)
Frater, Patrick
PUB. DATE
July 2006
SOURCE
Daily Variety;7/27/2006, Vol. 292 Issue 17, p15
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
21805538

 

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