Early indications are that some shareholders view the deal as a blessing and an opportunity to bail out from their investment in MultiChoice.
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MultiChoice looks to be considering Canal’s R35 billion acquisition offerCanal+ has offered to pay R125 per MultiChoice ordinary share to acquire the media firm and it seems that the board is considering.
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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.
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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.
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Canal+ Offers All-Cash Bid for MultiChoice, Valuation Underestimates PotentialCanal+ has made an all-cash formal offer for MultiChoice, but the valuation does not fully consider the potential of the DStv owner. MultiChoice's complex structure and emerging ventures make it difficult to evaluate. The offer takes into account the challenges posed by Netflix, Amazon, and other OTT content providers.
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French giant Canal+ acquires more shares in MultiChoiceCanal+ has acquired a significant portion of MultiChoice shares, but still faces obstacles in gaining control. Meanwhile, US dairy farmers are taking measures to combat bird flu.
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Canal+ Increases Stake in MultiChoice to Over 40%Canal+ has acquired a significant portion of shares in MultiChoice, surpassing a 40% shareholding for the first time. The stake in MultiChoice now stands at 40.01% of the JSE-listed broadcaster's ordinary shares.
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