Patrice Motsepe is reportedly in talks with Groupe Canal+ to help them buy DStv operator MultiChoice.
South African billionaire Patrice Motsepe is in talks with Vivendi SE’s Canal+ to join its multibillion-dollar bid for broadcaster MultiChoice Group, according to people familiar with the matter.
Representatives for both Canal+ and Motsepe’s investment company African Rainbow Capital declined to comment. Discussions are at an early stage and there is no guarantee that an agreement will be reached, said the people.triggering a mandatory takeover offerIf the French broadcaster can navigate the country’s limits on foreign media ownership, it will gain greater access to African markets, home to the world’s fastest-growing and youngest population.
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