France’s Canal+, which has steadily been buying shares in MultiChoice Group since 2020, has now significantly increased its stake.
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France’s Groupe Canal+ has again increased its stake in MultiChoice Group, taking its position in the South African broadcaster to 20.1%.
Groupe Canal+, the pay-television operator owned by French media conglomerate Vivendi, has again increased its stake in DStv parent MultiChoice Group.
MultiChoice Group chief financial officer Tim Jacobs has said in an interview with TechCentral that the pay-television broadcaster will “keep an open mind” to any approach by France’s Canal+.
MultiChoice Group disclosed on Thursday that French pay-television giant Groupe Canal+ has continued buying up its shares, so much so that its stake has doubled to 12% in the past month.
South Africa has proposed the radical relaxation of rules over foreign ownership in local broadcasters as well as the scrapping of restrictions that prevent cross-ownership of broadcasting services.
MultiChoice Group, the owner of DStv and Showmax, surprised investors on Monday when it revealed that France’s Groupe Canal+ has acquired 6.5% of its equity, sending its shares leaping higher.
French media giant Groupe Canal+ has acquired a not-insignificant stake in South Africa’s largest broadcasting company, DStv parent MultiChoice Group, prompting a surge in the JSE-listed firm’s shares.
Apple has relaxed a controversial policy that took a 30% cut of payments when video apps on its platform sold television shows and movies.
When Chinese media company StarTimes entered Ivory Coast’s pay-TV market two years ago, Canal+ appeared to take notice. A few months later, the unit of France’s Vivendi cut the cost of its decoder by a third. StarTimes has