The proposed transaction is unlikely to substantially lessen or prevent competition in any market, says the Competition Commission.
The Competition Commission has recommended that the Competition Tribunal approves, with conditions, the proposed transaction whereby French media giant Canal + intends to acquire SA-based video entertainment firm MultiChoice Group.
The CompCom notes the primary acquiring firm Canal+ is a subsidiary of Canal+ SA, which is listed on the London Stock Exchange’s main market. According to the commission, MultiChoice Group is not controlled by any firm and controls a number of firms in SA, including Supersportbet, Showmax, DStv Media Sales, MultiChoice Support Service, LicenceCo, Electronic Media Network, Orbicom and SuperSport.
They have also committed to the requirement that the majority of LicenceCo’s shareholders will be HDPs and workers.
Canal Competition Commission Compcom Competition Tribunal DSTV Calvo Mawela Mergers And Acquisitions Maxime Saada Licenceco Supersport
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