HK Court Blocks PCCW Buyout Bid

The Hong Kong Court of Appeal has blocked PCCW chairman Richard Li's $2.2 billion bid to privatize the telco on Wednesday, overturning an earlier ruling by the High Court. David Webb, editor of Webb-site.com assesses this ruling, with CNBC's Martin Soong & Emily Chan.
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Wed, Apr 22 20099:41 PM EDT