While MultiChoice debates selling, Canal+ is buying more shares

Canal+ now owns 40.01 percent of MultiChoice's ordinary shares. Canal+ now owns 40.01 percent of MultiChoice's ordinary shares.

While MultiChoice considers Canal’s latest offer, the French media firm is within its rights to purchase more shares.French firm

“In accordance with section 122 of the Companies Act, 71 of 2008 , regulation 121 of the Companies Regulations, 2011 and paragraph 3.

To be clear, French media conglomerate is entirely within its rights to continue purchasing shares so long as its not paying above the R125 per share it offered MultiChoice. If the French firm is paying more, then its offer needs to mirror that price.

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