• Latest

Canal+ Makes Binding Takeover Offer To Multichoice Worth US$2.9 Billion

July 21, 2024
YouTube Introduces New Tools To Assist Creators In Producing Content For Television

YouTube Says Promoting “Public Interest” Content Is The Reason Behind The Easing Of Its Moderation Rules

June 12, 2025
Africa’s Radio Broadcasters To Convene In South Africa On AI’s Role In The Transformation Of Audio And Sound Media Ecosystem 

Radio Broadcasters In Africa To Explore Practical Engagement And Monetisation Models For Audiences

June 12, 2025
Multichoice SuperSport Sees Record Growth In Live Sports Broadcasting

Multichoice SuperSport Sees Record Growth In Live Sports Broadcasting

June 12, 2025
HBO Max Expands Globally With Launch In 12 New Countries

HBO Max Expands Globally With Launch In 12 New Countries

June 12, 2025
Merger Talks Between Sony And Zee Entertainment Are Still On The Table

EU Commission Approves SES Acquisition Of Intelsat – Unconditionally

June 12, 2025

BMA’s Summit On “Audiences And Advertising” Will Unveil New Growth And Monetisation Strategies

June 11, 2025
Nigeria Shines At Cannes With “77: The FESTAC Conspiracy”

Nigeria Shines At Cannes With “77: The FESTAC Conspiracy”

June 11, 2025
ZEE Embraces Multilingual Strategy For Global Expansion

ZEE Embraces Multilingual Strategy For Global Expansion

June 11, 2025
Disney+ Appoints Angela Jain As Head Of Content For EMEA

Disney+ Appoints Angela Jain As Head Of Content For EMEA

June 11, 2025
British Urban Film Festival Launches Africa Season After BFI Pauses African Odysseys

Kenya And Tyler Perry Studios Launch Groundbreaking Creative Economy Initiative

June 11, 2025
Tencent Music To Acquire Chinese Podcast Platform Ximalaya

Tencent Music To Acquire Chinese Podcast Platform Ximalaya

June 10, 2025
Gathering Of Broadcasters In Lagos, Nigeria, To Evaluate Studios And Facilities Management In The AI-Driven Digital Broadcast Ecosystem

Building Africa’s Digital Broadcast Backbone: Key Focus At West Africa Broadcasters Convention

June 10, 2025
Saturday, June 14, 2025
Broadcast Media Africa
  • Home
  • News & Reports
    • Animation Content
    • Broadcasting
    • Broadcasting Right
    • Broadcasting Rights
    • Cinema Content
    • Connectivity
    • Content Distribution
    • Content Production
    • Content Regulation
    • Film Festival
    • Film Industry
    • Media Regulation
    • Mergers & Acquisition
    • OTT & Streaming
    • Pay-TV
    • Radio Broadcasting
    • Regulation
    • Satellite
    • Tech Features
    • Telecommunications
  • Industry Resources
    • Audio & Podcasts
    • Reports & Presentations
    • TV and Videos
  • Products & Services
    • Promo: Spotlight Service
  • Events
    • All Events
    • BMA Events
  • Join BMA Network
  • Login
Login
Join BMA Network
BMA
  • Home
  • News & Reports
    • Animation Content
    • Broadcasting
    • Broadcasting Right
    • Broadcasting Rights
    • Cinema Content
    • Connectivity
    • Content Distribution
    • Content Production
    • Content Regulation
    • Film Festival
    • Film Industry
    • Media Regulation
    • Mergers & Acquisition
    • OTT & Streaming
    • Pay-TV
    • Radio Broadcasting
    • Regulation
    • Satellite
    • Tech Features
    • Telecommunications
  • Industry Resources
    • Audio & Podcasts
    • Reports & Presentations
    • TV and Videos
  • Products & Services
    • Promo: Spotlight Service
  • Events
    • All Events
    • BMA Events
  • Join BMA Network
  • Login
Login
Join BMA Network
BMA
Join BMA Network
No Result
View All Result
Home Pay-TV

Canal+ Makes Binding Takeover Offer To Multichoice Worth US$2.9 Billion

July 21, 2024
Reading Time: 2 mins read
A A

Vivendi SE’s Canal+ has made an all-cash formal offer to acquire MultiChoice Group, a South African pay-TV operator, for US$2.9 billion in an effort to expand its presence on the continent. Canal+ has proposed to purchase MultiChoice shares at US$6.71 each, which is now under consideration by an independent board of MultiChoice.

Canal+ has been buying shares in MultiChoice since 2020 and has already acquired a 35% holding in the company, triggering a mandatory takeover offer. If the deal goes through, it would give Canal+ greater access to the African market, which is home to the world’s fastest-growing and youngest population. However, the French broadcaster must first navigate South Africa’s limits on foreign media ownership.

MultiChoice shares have already seen a 25% increase since Canal+ first announced its plan to purchase the broadcaster in February. The South African billionaire Patrice Motsepe could join Canal+ in the acquisition, but discussions are still in their early stages.

Canal+ reserves the right to purchase more MultiChoice shares in the market, and if these are bought at more than a certain amount, the offer price would be raised accordingly. Vivendi plans to keep MultiChoice listed on the Johannesburg Stock Exchange and has appointed Standard Bank as its advisor on the deal.

According to a joint statement by MultiChoice and Canal+, a combined group would be better positioned to address the challenges and opportunities resulting from the digitalization and globalization of the media and entertainment sector, making it a win-win situation for both companies.

Share Tweet Post Email
Tags: BroadcastingCanal+FeaturedMultichoiceVivendi SE
Share196Tweet123
Previous Post

MTN Nigeria Seeks Shareholder Input on Managing Capital Losses

Next Post

Rwanda: Voice of America Unveils New FM Radio Station 

Publisher
-
Benjamin Pius
Publisher
-
Benjamin Pius

 About us

Our goal is always to keep industry stakeholders abreast of opportunities in technology and service innovations that are and will shape Africa’s broadcasting and media industry via quality news, information, intelligence and insight .

 Contact us

+44 (0) 207 712 1526
info@broadcastingandmedia.com
BSP Communications Limited
Level 37, One Canada Square
Canary Wharf
London, E14 5AB, United Kingdom

No Result
View All Result
  • Home
  • News & Reports
    • Animation Content
    • Broadcasting
    • Broadcasting Right
    • Broadcasting Rights
    • Cinema Content
    • Connectivity
    • Content Distribution
    • Content Production
    • Content Regulation
    • Film Festival
    • Film Industry
    • Media Regulation
    • Mergers & Acquisition
    • OTT & Streaming
    • Pay-TV
    • Radio Broadcasting
    • Regulation
    • Satellite
    • Tech Features
    • Telecommunications
  • Industry Resources
    • Audio & Podcasts
    • Reports & Presentations
    • TV and Videos
  • Products & Services
    • Promo: Spotlight Service
  • Events
    • All Events
    • BMA Events
  • Join BMA Network
  • Login
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Policy.