MultiChoice warned of deepening full-year losses as it battles forex losses and an increasingly difficult trading environment.
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Following an arrest, investigations are under way into the “thousands of individuals connected to the Waka TV pirate network”.
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+.
eMedia Holdings said its legal fees rose sharply in the year ended 31 March 2024 as it battled rival MultiChoice Group.
Three years after its launch, the UK content-focused BritBox is shutting down in South Africa.
Canal+ has continued snapping up shares in MultiChoice as a 4 June deadline nears to publish a joint circular.
Although Ellies Holdings is facing liquidation, the group’s underlying businesses could yet be saved.
France’s Groupe Canal+ has continued to buy shares in acquisition target MultiChoice Group.
MultiChoice has announced Imtiaz Patel’s exit as chairman, just weeks after saying he would stay on in the role.