MultiChoice Group’s board has rejected a bid by France’s Groupe Canal+ to buy out the JSE-listed broadcaster.
Browsing: Broadcasting and Media
The French broadcaster has claimed it can work around local ownership rules. Experts don’t necessarily agree.
TechCentral is thrilled to announce the launch of TCS Legends, featuring South Africans who achieved great things in tech.
Plans to introduce digital radio as an alternative to the analogue FM and AM bands in South Africa appear to have fizzled out.
A deal will be exceptionally difficult – if not impossible – to get over the line. So, why is Canal+ pursuing control of MultiChoice?
Canal+, the company with French roots and global reach, has a similar history to South Africa’s MultiChoice Group.
MultiChoice has disclosed details of the monetary investment it and partner Comcast are making in Showmax.
Canal+ said it expects to offer R105/share for MultiChoice, or a 40% premium to the closing price on 31 January.
MultiChoice Group still holds WWE broadcast rights, despite Netflix acquiring them in some international markets.
The “catastrophic and unconstitutional” SABC Bill must be withdrawn, three media organisations have demanded.