MultiChoice Working To Secure Regulatory Approval To Complete $3 Billion Canal+ Acquisition
Calvo Mawela's ambition to challenge US streaming giants in Africa. MultiChoice is seeking regulatory approval for a $3 billion deal with Canal+.
Canal+ Expands African Media Footprint with MC Vision Acquisition
Canal+ acquires majority stake in MC Vision, increasing ownership from 37% to 75%. Canal+ has been actively pursuing opportunities in Africa, acquiring ROK Studios in Nigeria and expanding in Rwanda.
Canal+ continues its share acquisition spree at Multichoice
Canal+ acquires an additional 3,374,668 shares in MultiChoice, increasing its stake to 41.59%. Canal+'s previous acquisitions were at a discount, but the recent shares were priced between R115.99 and R117.59.
MultiChoice expectedly turns down $2.5 billion offer from Canal+
MultiChoice has rejected an acquisition offer from Canal+. Canal+ has been increasing its stake in MultiChoice since 2020.
