Canal+ has continued snapping up shares in MultiChoice as a 4 June deadline nears to publish a joint circular.
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France’s Groupe Canal+ has continued to buy shares in acquisition target MultiChoice Group.
Groupe Canal+ has disclosed that it has bought even more shares in MultiChoice Group in recent days.
Paramount Global has signed a deal with MultiChoice to bring the Paramount+ streaming service to African audiences.
On a risk-adjusted basis, there are more compelling stocks to buy in the relatively cheap South African market.
MultiChoice South Africa has announced its price adjustments for 2024, which will take effect on 1 April.
In rejecting Groupe Canal+’s bid, MultiChoice Group made a rather interesting remark to investors on Monday.
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.