In rejecting Groupe Canal+’s bid, MultiChoice Group made a rather interesting remark to investors on Monday.
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MultiChoice Group’s board has rejected a bid by France’s Groupe Canal+ to buy out the JSE-listed broadcaster.
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.
MultiChoice Group still holds WWE broadcast rights, despite Netflix acquiring them in some international markets.
MTN South Africa has announced aggressively priced data plans aimed at supporting MultiChoice’s newly relaunched Showmax.
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.
The newly launched Showmax follows in DStv’s footsteps by turning to sport as drawcard to lure subscribers.