Slaughter and May advised HKT Limited on its acquisition of PCCW Media Limited, operator of the "NOW TV" business

Slaughter and May, Hong Kong, advised HKT Limited (HKT) on the acquisition by HKT Interactive Media Holdings Limited, its wholly-owned subsidiary, of the entire issued share capital of PCCW Media Limited from PCCW Interactive Media Holdings Limited, a wholly-owned subsidiary of PCCW Limited (PCCW) for US$250 million. Both HKT and PCCW are companies listed on the Main Board of the Hong Kong Stock Exchange. PCCW Media Limited operates the “NOW TV” business, which is a leading pay-television service provider in Hong Kong, offering a wide range of local and international content through linear TV channels, on-demand and apps.