French media giant CANAL+ SA buys stake in Multichoice

SOUTH AFRICA – French media company CANAL+ SA has bought 6.6% stake in Multichoice in a deal that makes the foreign media giant the second biggest shareholder after the Public Investment Corporation (PIC). In a statement published on the Stock Exchange News (SEN), Multichoice said that it has filed the required notice with the Takeover Regulation Panel. Multichoice the owner of South Africa’s largest satellite television Dstv was unbundled from South Africa media giant Naspers in early 2019 and listed as a standalone entity in February last year. Since the…

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