MultiChoice and Canal+ enter into a cooperation agreement regarding the French-based media giant’s proposed mandatory offer.
MultiChoice and French-based media giant Canal + have reached a cooperation agreement regarding the offer to buy out the video entertainment group.
According to the statement, Canal+ proposed a mandatory offer to acquire all the issued shares of MultiChoice Group not already owned by the group at a purchase price of R125 per share, payable in cash. “Through combining our companies, we will be well-positioned to invest even more in local productions and sports content. The complementary geographies, considerable scale, and strengthened capabilities achieved by the combination of these two companies will ensure that Africa can tell her own stories on her own terms both locally and globally.
Canal Imtiaz Patel Takeover Regulation Panel Maxime Saada
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Vivendi Makes Firm Offer for MultiChoice, Considers European Listing for Canal+French media conglomerate Vivendi has made a firm offer to acquire MultiChoice, offering R125 per share. Vivendi is also considering a European listing for Canal+ and argues that scale is essential to compete with US giants like Netflix.
Read more »
MultiChoice, Canal+ deal will help fend off Netflix threatThe two companies believe scale, shared experience and a large war chest will help see off the threat from US streamers.
Read more »
Canal+ and MultiChoice join hands in takeover dealMultiChoice has agreed to work closely with Canal+ on a mandatory offer the latter must make to the former's shareholders.
Read more »
MultiChoice Establishes Independent Board to Consider Groupe Canal+'s OfferMultiChoice has formed an independent board to review Groupe Canal+'s offer to purchase the remaining shares of the company. The offer values MultiChoice at around R55 billion.
Read more »
Canal+ deal forces MultiChoice to extend Patel’s tenureMultiChoice reaches an agreement with Imtiaz Patel that will see him continue as chairman until completion of the Canal+ transaction.
Read more »
Billionaire Patrice Motsepe could join R55bn Canal+ bid for MultiChoiceBillionaire Patrice Motsepe could join R55bn Canal+ bid for MultiChoice
Read more »