Business Services Industry
Potential Buyer of Cable & Wireless Has History of Looking for Big Deals.
Knight Ridder/Tribune Business News, February, 2003
Daily Mail, London Knight Ridder/Tribune Business News
Feb. 7--Richard Li, the man with Cable & Wireless in his sights, has a taste for the big deal.
Insiders say his tentative offer for C&W late last year, worth up to UKpound 2.4 billion cash, stunned his deputies at the Hong Kong headquarters of Pacific Century Cyberworks.
The approach was rebuffed, but PCCW says it will continue to monitor developments at C&W.
Still only 36, Li is the second son of Hong Kong tycoon Li Kai-Shing, and many believe his drive comes from being the spare, not the heir.
Three years ago, he launched a UKpound 18 billion bid to buy Hong Kong Telecom, the jewel in C&W's crown, partly funded by dramatically inflated shares in PCCW, then a...
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