MultiChoice has disclosed details of the monetary investment it and partner Comcast are making in Showmax.
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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.
Broadcast ownership rules that limit foreign ownership of commercial South African broadcasters to 20% may be amended.
French broadcaster Canal+ could eventually invest $300-million in PCCW-owned streaming platform Viu.
Canal+ has increased its stake in MultiChoice to 31.7%, taking it closer to a potential mandatory offer to other shareholders.
Canal+ has agreed to buy a significant minority stake in Hong Kong-listed PCCW’s Viu unit.
Groupe Canal+ has again increased its stake in MultiChoice, acquiring more than 30% of its, according to a regulatory filing.
France’s Canal+, which has steadily been buying shares in MultiChoice Group since 2020, has now significantly increased its stake.
France’s Groupe Canal+ has again increased its stake in MultiChoice Group, taking its position in the South African broadcaster to 20.1%.