Canal+ buyout of S.Africas MultiChoice one step closer

Image for article Canal+ buyout of S.Africas MultiChoice one step closer
News Source : Digital Journal

News Summary

  • MultiChoice operates in 50 countries across sub-Saharan Africa and has 19
  • 3 million subscribers
  • Canal+ holds around 45 percent of MultiChoice’s shares and offered last year to acquire the remainder for 125 rand (6
  • 16 euro) per share
  • Commission said its approval of the merger was subject to public-interest conditions worth about 26 billion rand over three years
MultiChoice is Africas largest pay TV enterprise and includes SuperSport and DStv Copyright AFP Frederic J. BROWNSouth Africas competition authority announced Wednesday it had approved the buyo [+1404 chars]

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