On a risk-adjusted basis, there are more compelling stocks to buy in the relatively cheap South African market.
The Takeover Regulation Panel is investigating after MultiChoice ended potential buyout talks with its largest shareholder.
In rejecting Groupe Canal+’s bid, MultiChoice Group made a rather interesting remark to investors on Monday.
MultiChoice Group’s board has rejected a bid by France’s Groupe Canal+ to buy out the JSE-listed broadcaster.
The French broadcaster has claimed it can work around local ownership rules. Experts don’t necessarily agree.
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 said it is open to US media giant Comcast acquiring a larger stake in its video streaming platform, Showmax.