The Takeover Regulation Panel is investigating after MultiChoice ended potential buyout talks with its largest shareholder.
The French broadcaster has claimed it can work around local ownership rules. Experts don’t necessarily agree.
Canal+, the company with French roots and global reach, has a similar history to South Africa’s MultiChoice Group.
MultiChoice Group said it is open to US media giant Comcast acquiring a larger stake in its video streaming platform, Showmax.
Broadcast ownership rules that limit foreign ownership of commercial South African broadcasters to 20% may be amended.
It’s not a misprint. Telecom Italia, Italy’s beleaguered former telephone monopoly, once pitched a plan to buy Apple.
Canal+ has increased its stake in MultiChoice to 31.7%, taking it closer to a potential mandatory offer to other shareholders.
Canal+ has agreed to buy a significant minority stake in Hong Kong-listed PCCW’s Viu unit.
France’s Canal+, which has steadily been buying shares in MultiChoice Group since 2020, has now significantly increased its stake.
France’s Groupe Canal+ has again increased its stake in MultiChoice Group, taking its position in the South African broadcaster to 20.1%.