Get the latest gossip
Vivendi’s Canal+ Group Makes Move To Acquire African Entertainment Giant MultiChoice
Vivendi’s Canal+ Group has made an offer to take full control of African entertainment company MultiChoice Group, in which it already holds a 31.7% stake. “The Canal+ Group confirms that it has sub…
The group emphasized that neither “the evolution” or “the conditions of a possible transaction” were “certain”, adding that any operation would comply with all laws and regulations related to the South African media sector and companies listed on the Johannesburg Stock Exchange. “Canal+ is actively preparing its stock market listing following the announcement of the proposed split from its parent company Vivendi,” read Thursday’s Canal+ Group statement. To accelerate MultiChoice’s development in Africa and beyond, it will need to adopt a strategy that will enable it to increase its size and strengthen its local and global footprint,” said Canal+ CEO Maxime Saada.
Or read this on Deadline