South Africa’s biggest pay-TV company now 40% owned by French media conglomerate

Groupe Canal+ has continued buying up MultiChoice shares on the open market.

French media conglomerate Groupe Canal+ has increased its shareholding in DStv owner MultiChoice to 40.01%.

“Some shareholders have asked whether Canal+ might cross the 50% shareholding in this way,” MultiChoice stated. MultiChoice also reaffirmed that should Canal+ buy shares for more than R125 each, it would be obliged to increase its offer price.last month after exceeding the 35% threshold stipulated in South Africa’s Companies Act.as an independent expert to review the terms of the offer as required by South African takeover regulations.

The board comprises MultiChoice directors Deborah Klein, Dr Fatai Sanusi, Louisa Stephens, and Andrea Zappia.By close of business on 5 April 2024, Canal+ had already increased its stake from 35.01% to 36.6%.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

mybroadband /  🏆 11. in ZA

Groupe Canal+ Headline Multichoice Broadcasting

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.

South Africa Had Its Own High-Speed Rail Service 40 Years Ago [Video]South African and global news updates with a twist. 2oceansvibe is South Africa’s biggest solely owned online news platform with local and world news updates.
Read more »

Most affordable RTX 40-series gaming laptops in South AfricaWe looked for the cheapest Nvidia RTX 40-series-powered laptops available in the country.
Read more »

HOW much South African groceries cost 40-years agoWe go back in time and compare how much popular South African groceries cost today versus 40-years ago. Just wow …
Read more »

40 jobs that pay more than the average salary in South AfricaAmid issues in service delivery, those in the electricity, gas, and water sectors earn the highest average salary in South Africa.
Read more »

Over 40 forensic pathologist laboratories in South Africa found to be non-compliant with health standardsThe National Health Department has confirmed that over 40 forensic pathologist laboratories across the country do not comply with health standards, with broken fridges and unhygienic conditions among the complaints. This has led to long waits for estates and insurance claims, but also closure for family members.
Read more »

South African billionaire could help French media giant buy MultiChoice in R55-billion dealPatrice Motsepe is reportedly in talks with Groupe Canal+ to help them buy DStv operator MultiChoice.
Read more »