Astro buys 51% stake in GoalTV channels

Astro All Asia Networks Plc has bought a 51% stake in the GoalTV soccer channels from the Hong Kong unit of Yes Television Plc.  

Astro paid US$4.25mil for the stake in All Asia Television Broadcast Ltd, which will create and distribute content through two 24-hour GoalTV channels, it said in a press release. Astro has an option to raise its stake to 60% for US$750,000 after a year, it said.