MultiChoice carves out SA unit to pave way for Canal+ deal

MultiChoice carves out SA unit to pave way for Canal+ deal

MultiChoice Group has announced details for the first time about its plans to restructure the shareholding in its main South African operation to facilitate the JSE-listed broadcaster’s sale to France’s Groupe Canal+. The move comes 10 days after the two companies secured the green light from the Competition Tribunal for their transaction to proceed. The…

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Big win for MultiChoice, Canal+ in deal talks

Big win for MultiChoice, Canal+ in deal talks

The Competition Tribunal has agreed to support the acquisition of MultiChoice Group by London-listed Groupe Canal+, removing a major hurdle to their deal being consummated. The tribunal approved the proposed transaction, subject to conditions agreed earlier this year by the merging parties. “As was previously disclosed, the agreed conditions include a robust package of guaranteed…

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Canal+, MultiChoice sweeten merger deal with R2bn pledge

Canal+, MultiChoice sweeten merger deal with R2bn pledge

MultiChoice headquarters in Randburg, Johannesburg. Canal+ and MultiChoice have committed an additional R2 billion to public interest initiatives in South Africa, as part of a growing list of undertakings tied to their proposed R30 billion deal. The funds cater for commitments that include increased support for local content production, supplier development, and the establishment of…

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