Connect with us

Hi, what are you looking for?

Unorthodox Digital


Canal+ Extends $2.9 Billion All-Cash Offer to Acquire MultiChoice


Vivendi SE’s Canal+ has presented an all-cash bid to acquire MultiChoice Group Ltd., valuing the South African broadcaster’s shares at $2.9 billion.

Canal+ proposes to purchase shares at 125 rand ($6.7) each, as disclosed by MultiChoice and Canal+ in a joint filing on Monday. The bid now awaits review by a newly formed independent board of MultiChoice.

Successfully navigating South Africa‘s regulations on foreign media ownership could grant Canal+ enhanced access to the burgeoning African market, which boasts the world’s fastest-growing and youngest population. Discussions at an early stage suggest the potential involvement of South African billionaire Patrice Motsepe to facilitate the deal.

Canal+ initiated its acquisition of MultiChoice shares as early as 2020, eventually exceeding a 35% stake in the company this year, prompting a mandatory takeover offer. Vivendi, with a significant footprint in high-growth regions like Africa and Asia, intends to separately list Canal+ — its primary unit. Additionally, French authorities have expressed intentions to maintain MultiChoice’s listing on the Johannesburg Stock Exchange.

Subscribe to our Newsletter

Stay updated with the latest trends in African technology!

You May Also Like

Lists & Guides

Welcome to our guide on FCCPC-approved loan apps in Nigeria, where we showcase a selection of trusted digital lending platforms authorized by the Federal...


In today’s fast-paced world, where technological advancements are reshaping industries, real estate stands as a pillar of stability and growth. For Nigerians seeking to...

Lists & Guides

In the ever-evolving world of business, efficiency and innovation are paramount. Companies globally are turning to virtual assistants (VAs) to streamline operations, manage time-consuming...


Embarking on a journey to invest in Ghana’s burgeoning real estate market? Look no further! Below is a curated list of top real estate...