In rejecting Groupe Canal+’s bid, MultiChoice Group made a rather interesting remark to investors on Monday.
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.
The new Showmax, which MultiChoice unveiled on Monday, will cost R89/month, from R99/month previously.
Top Sky executive Andrea Zappia has been named chairman of MultiChoice Group-owned Showmax.
MultiChoice Group has revealed the first details of what the new “Showmax 2.0” streaming platform will look like.
South Africans love to complain about the price of DStv. But research shows DStv Premium is actually relatively well priced.