Li Ka-Shing's CK Hutchison To Exit Vodafone Joint Venture In $5.8 Billion Deal

CK Hutchison Holdings, the Hong Kong-based conglomerate controlled by the city's richest person Li Ka-shing, has agreed to sell its 49% stake in a joint venture with U.K. telecom giant Vodafone for £4.3 billion ($5.8 billion) in cash.