France’s Canal+, which has steadily been buying shares in MultiChoice Group since 2020, has now significantly increased its stake.
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France’s Groupe Canal+ has again increased its stake in MultiChoice Group, taking its position in the South African broadcaster to 20.1%.
Groupe Canal+, the pay-television operator owned by French media conglomerate Vivendi, has again increased its stake in DStv parent MultiChoice Group.
MultiChoice Group chief financial officer Tim Jacobs has said in an interview with TechCentral that the pay-television broadcaster will “keep an open mind” to any approach by France’s Canal+.
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.
MultiChoice Group, the owner of DStv and Showmax, surprised investors on Monday when it revealed that France’s Groupe Canal+ has acquired 6.5% of its equity, sending its shares leaping higher.
French media giant Groupe Canal+ has acquired a not-insignificant stake in South Africa’s largest broadcasting company, DStv parent MultiChoice Group, prompting a surge in the JSE-listed firm’s shares.
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.
Vivendi is in talks to sell 10% of Universal Music Group to China’s Tencent, helping the world’s biggest music company expand in fast-growing Asian markets. Vivendi shares rose as much as 9%.
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