Canal+ offers $2.9 billion for MultiChoice acquisition

Canal+ offers $2.9 billion for MultiChoice acquisition

French media company Canal+ has made an offer of $2.9 billion to fully acquire South African broadcasting company MultiChoice. According to the BBC, it is a more attractive price compared to the $1.7bn bid that it presented to MultiChoice in February. MultiChoice is Africa's largest provider of subscription TV services, which include DSTv and streaming service Showmax.

April 8, 2024 24

Science & Technology

Canal+ bid for Multichoice comes as Netflix cedes African lead to Multichoice-owned streamer Showmax

By Seth Onyango, via bird story agency A major shake-up in the African streaming market is looming as Multichoice faces a takeover bid from French media giant, Vivendi SE’s Canal+. A tie-up could deal another blow to Netflix which lost its continental lead last November, relinquishing 5% of its share to its top rival Showmax, while Amazon Prime gained ground. Omdia Research data shows that Netflix in 2023 […]

February 8, 2024 51