MultiChoice ups its stake in BetKing to 49% after injecting US$321m

SOUTH AFRICA – Entertainment company MultiChoice, has increased its stake in Pan-African online sports betting company BetKing to 49%, a move the pay-TV giant says is in line with its strategy to expand its entertainment ecosystem and develop meaningful drivers of future value. The company announced that through its wholly owned subsidiary, Mwendo Holdings, it will invest US$321 million in BetKing to increase its shareholding. However, the deal is subject to MultiChoice securing debt funding to finance the transaction. In 2021, MultiChoice initially invested US$95 million in BetKing for a 20% stake, as the pay-TV group…

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