MultiChoice Group disclosed on Thursday that French pay-television giant Groupe Canal+ has continued buying up its shares, so much so that its stake has doubled to 12% in the past month.
A consortium led by China’s Tencent has agreed to buy 10% of the world’s biggest music company, Universal Music Group, from Vivendi after months of talks.
United Arab Emirates telecommunications firm Etisalat said on Monday that it has raised €3,15bn to fund the acquisition of French media giant Vivendi’s 53% stake in Morocco’s main provider, Maroc Telecom. The funds were raised with a group of 17 international, regional and local banks in the UAE. “Financing consists of