Hong Kong - Terrestrial broadcaster TVB will acquire 31 percent of pay-TV platform TVB Pay Vision, paying See Corp. HK$213 million (US$27 million) for the stake. TVB, which already holds 29 percent of TVB Pay Vision, will acquire 336.61 million non-voting preferred shares. See will keep 18 percent of TVB Pay Vision. The Broadcasting Authority had previously approved the transaction, giving the parties no later than July 25 to complete the deal. TVB Pay Vision, however, applied for an extension … [Read more...] about TVB to gain control of pay-TV unit