Aug 10 (Reuters) - Hong Kong's PCCW Ltd has struck a deal to bring in Hony Capital, Foxconn Ventures and Temasek in as investors in its internet media and entertainment unit, the company said Thursday.

The three companies will invest a total of $110 million for a stake of around 18 percent in PCCW OTT, which owns video and music streaming services, the Hong Kong-based telecom and media company said in a stock exchange filing.

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PCCW Media, which sold the OTT stake, will remain the unit's controlling shareholder.

Hony Capital has separately been granted an option to subscribe for up to 2 million preference shares at an exercise price of $10 per share, PCCW said.

The Chinese private equity firm in late July invested $500 million together with Japan's Softbank Group Corp in New York-based startup WeWork, which provides shared office space and is looking for new growth in Asia.

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PCCW OTT owns video streaming services “Viu” and “Vuclip”, which are popular in Asian emerging markets and the Middle East as well as Hong Kong's largest multi-platform digital streaming music service MOOV. (Reporting by Kane Wu; editing by Jason Neely)