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Tuesday, August 20, 2024

Could MultiChoice Undergo A Name Change As Speculated With Canal+'s MC Vision?

During the month, it was reported Canal+ was looking to increase their stake in MC Vision from 37% to 75% making them majority shareholder. With co-founders Currimjee Jeewanjee and Co., that will reduce their stake from 57% to 25% with Canal+ looking to enhance its offering in the region.

Canal+ had already made other moves within Africa like purchasing the remaining shares in MultiChoice which too is awaiting regulatory approval. They also own Nigerian production company ROK Studios as well as 30% stake in Marodi TV which is based in Senegal.

One of the questions awaiting is how different MultiChoice will be in the coming years. With Canal+ buying a large chunk of MC Vision it's likely become Canal+ Maurice/Mauritius I mean that's what happened with M7 Group in Europe and NC+ in Poland the result was always a corporate restructure. 

Similar to Poland, Canal+ is MultiChoice's biggest shareholder within the company so whose to say that the trademark won't die out eventually as they could always inherent MultiChoice: A Canal+ Company. That's how M7 Group panned out before the trademark went fully under the knife. 

Unlike most of these entities, MultiChoice doesn't have much Canal+ in the truck outside of ROK and as seen with Francophone Africa. The acquisition could see them incorporate themselves within MultiChoice's existing offering while closing the doors for other brands. 

It could as well even answer the questions regarding MC Vision and MultiChoice as both offer services within Mauritius. Similar to South Africa, Canal+ could as well look to divide operations within Mauritius this way Currimjee Jeewanjee and Co., shares remain intact once the acquisition concludes. 

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