MultiChoice Group and its French suitor have approached South African regulators about their proposed mega-deal.
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Streaming platform Viu, which includes Canal+ among its investors, is looking to expand its content offering in South Africa.
Canal+ plans to double its stake in MC Vision to become the majority shareholder of the Mauritian pay-TV company.
Private equity shareholders of Primedia are considering strategic options for their stakes in the broadcasting group.
Vivendi Group will seek a London listing for its pay-television business Canal+, the French media conglomerate said.
MultiChoice has blamed a “challenging consumer environment” for a 9% slump in active subscribers.
MultiChoice warned of deepening full-year losses as it battles forex losses and an increasingly difficult trading environment.
Canal+ and MultiChoice have hinted at how they will seek to get around strict foreign ownership restrictions in South Africa.
An independent board formed by MultiChoice recommended an all-cash mandatory offer made by France’s Canal+.
Canal+ has continued snapping up shares in MultiChoice as a 4 June deadline nears to publish a joint circular.