France’s Group Canal+ moved quickly on Monday to stamp its authority on MultiChoice Group following the conclusion of the deal.
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The pieces are finally moving into place for one of the most significant media deals in South African corporate history.
MultiChoice has contradicted a report that it has launched 4K-resolution content on its DStv Stream platform.
Cobus Stofberg, a veteran of television broadcasting in South Africa, is retiring from the Naspers and Prosus boards.
Ghana has demanded that the local unit of MultiChoice Group to reduce subscription fees by 30% by 7 August.
Sipho Maseko, Neo Lesela, Khanyisile Kweyama and Sonja De Bruyn will be among the new indirect shareholders.
Streaming platform eVOD is growing strongly, parent eMedia said, even as Openview continues to attract new viewers.
The Competition Tribunal has agreed to support the acquisition of MultiChoice Group by Groupe Canal+.
MultiChoice and its French suitor, Canal+, have told competition regulators that they cannot compete effectively without scale.
Policy reforms aimed at attracting foreign investment don’t go far enough, critics have warned.