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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Azuri Technologies, MultiChoice partner to launch DStv on PayGo solar TV in Kenya

KENYA – Azuri Technologies, the first company to launch a complete pay-as-you-go solar TV package in Kenya, and MultiChoice Kenya have announced a partnership to bring DStv content to off-grid households in Kenya. The partnership bundles Azuri’s recently announced TV400 product, the 32″ solar powered TV and household energy solution, with the DStv HD decoder to offer customers access to leading world class entertainment, local and international news, documentaries, and educational content. Simon Bransfield-Garth, CEO of Azuri said, “We are delighted to partner with Multichoice to bring the world-leading DStv content to…

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MultiChoice acquires 20% stake in BetKing for US$116m

SOUTH AFRICA – MultiChoice Group has expanded its repertoire with an agreement to buy a 20% stake in Africa-focused sports-betting platform BetKing for as much as US$116 million, giving it access to a sector that emerged as a winner from lock down restrictions that have encouraged home-bound entertainment. “Sports betting is an interesting market that is aligned to our pay-TV business,” said MultiChoice CEO Calvo Mawela in an interview. “We have a lot of sport on our platform, and many people that are betting watch more games.” he said. DStv…

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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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Nigerian Digital TV service TSTV Africa re-launches three years after failed start

NIGERIA – Exactly three years after its launch, TSTV Africa, Nigerian indigenous Digital TV service, has fully relaunched its satellite broadcasting service. CEO/Managing Director of TSTV Africa, Bright Echefu during an interview with a local broadcasting house said that the three years in the woods gave the indigenous company a rare opportunity to restructure its operations. Echefu further said that the three breaks also gave the digital TV time to recreate a brand that would be loved by all, and also satisfy Nigerians demand for premium content as well as…

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MultiChoice Unveils Innovation Fund Aimed at Scaling South African Video Entertainment and Tech Startups

SOUTH AFRICA – MultiChoice Group has announced the establishment of the MultiChoice Innovation Fund as an extension of its existing Enterprise Development Trust. With the aspiration of being a pillar to propel small businesses forward, the innovation fund will invest in exciting new opportunities for innovators in the video entertainment industry and technology sectors, allowing them to bring their ideas and dreams to life, the pay-TV operator says. “The video entertainment industry – and indeed the world as we know it – is on a fascinating digital trajectory and we…

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