French-based media giant Canal+ has again bought more shares in South African video entertainment group MultiChoice. This, as the French broadcaster ups the ante in its desire to take over the Randburg-headquartered DStv owner. In a statement today, Canal+ stated that it will hold an aggregate of approximately 40.83% of the MultiChoice shares in issue following the latest transactions. The move comes after Canal+ has been steadily increasing its stake in MultiChoice over the years and previously proposed a mandatory offer to acquire all the issued shares of MultiChoice Group not already owned by the group. As part of this ongoing transaction, outgoing chairman Imtiaz Patel will remain in his role until its completion.
Canal+ Increases Stake in MultiChoice, Nears Takeover Bid, South Africa
Date:
Updated: [falahcoin_post_modified_date]
More like thisRelated
Revolutionary Small Business Exchange Network Connects Sellers and Buyers
Revolutionary SBEN connects small business sellers and buyers, transforming the way businesses are bought and sold in the U.S.
District 1 Commissioner Race Results Delayed by Recounts & Ballot Reviews, US
District 1 Commissioner Race in Orange County faces delays with recounts and ballot reviews. Find out who will come out on top in this close election.
Fed Minutes Hint at Potential Rate Cut in September amid Economic Uncertainty, US
Federal Reserve minutes suggest potential rate cut in September amid economic uncertainty. Find out more about the upcoming policy decisions.
Baltimore Orioles Host First-Ever ‘Faith Night’ with Players Sharing Testimonies, US
Experience the powerful testimonies of Baltimore Orioles players on their first-ever 'Faith Night.' Hear how their faith impacts their lives on and off the field.
