Announced
Financials
Tags
entertainment
South Africa
Entertainment
television service
Acquisition
Cross Border
Majority
Single Bidder
Public
Pending
Mandatory Offer
Friendly
Synopsis
Canal+, a French media and telecommunications conglomerate, agreed to acquire the remaining 65% stake in MultiChoice, a South African pay-TV company, for $1.9bn. If the deal materializes, it will establish a pan-African broadcasting giant with the capability to showcase African content to global audiences and compete on the international stage.
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