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Canal+ Group Posts Solid Full-Year Results and Pursues Acquisition of South Africa’s MultiChoice Despite Rocky Start at London Stock Exchange
Canal+ Group unveiled solid financial results for 2024 and plans to pursue its international M&A strategy despite the drop in its market value.
French TV outfit Canal+ Group unveiled on Tuesday solid full-year financial results for 2024 and plans to pursue its international M&A strategy, even though its market value has dropped drastically (to an estimated $2.1 billion) since being listed as standalone entity by its parent company Vivendi at the London Stock Exchange. The pay TV group is also still on track to complete its acquisition of MultiChoice, the leading PayTV operator in English and Portuguese-speaking Africa, which was initially planned for April and has now been delayed by six months (to Oct. 8) due to local regulations. Last year, the company had some major hits with the Amy Winehouse movie “Back to Black” which topped charts in 8 countries, and “Wicked Little Letters” which became Britain’s highest grossing independent comedy since 2021.
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