Featured Posts
eMedia's 4 Channels Recieve Another Extension On MultiChoice's DStv, Might Go Dark By August 2024
Since 2022, eMedia Investments and MultiChoice had been undergoing a carriage dispute with the Competition Tribunal. After the p...
Thursday, April 25, 2024
Canal+ Increases Stake In MultiChoice To Almost 42%
Tuesday, April 23, 2024
MultiChoice Has Announced Imtiaz Patel’s Exit As Chairman, Just Weeks After Saying He Would Stay On In The Role
Recap To The Decade: Canal+ Afrique Also Offer Pornographic Material With Hustlers TV And Private TV, What Could Await This Lineup Should It Rollout On DStv?
Thursday, April 18, 2024
Development Alert: SPI International Expands With Digital Virgo in Key Regions (Including South Africa), FilmBox And Other Branded Channels Exit Turkey
Development Alert: Canal+ Acquires Additional Shares In MultiChoice
Tuesday, April 16, 2024
The Canal+ Effect: How The French Company Might Arrange MultiChoice Going Forward?
Friday, April 12, 2024
Canal+ Has Increased Its Shareholding In MultiChoice To 40% As The Two Companies Work On A Takeover
Wednesday, April 10, 2024
10 TV Channels Exit DStv With More Closures Likely To Follow With Canal+ Acquisition Of MultiChoice
Tuesday, April 9, 2024
Recap To The Week: Canal+ Raises Offer For MultiChoice, Plans JSE Listing
Monday, April 8, 2024
Canal+ Makes Firm Offer For DStv Owner MultiChoice, Eyes Secondary JSE Listing
Sunday, April 7, 2024
SuperSport Vs. Canal+ Sport: Who Is Likely To Survive Canal+ Potential Takeover Of MultiChoice?
Could Canal+ Kids Expand Its Operations Through MultiChoice's DStv Or Showmax?
Possible Takeover: Canal+'s Investment In Viu Currently Stands At Approximately $300m, With The Option To Increase Its Stake To 50% Retained
Saturday, April 6, 2024
Could DStv And GOtv Undergo A Possible Restructure Following Its Possible Acquisition By Canal+?
Tuesday, April 2, 2024
MultiChoice Chair To Stay On Until Canal+ Transaction Concludes
Wednesday, March 27, 2024
Patrice MotsepeIs In Talks To Join Canal+ In A Bid To Acquire MultiChoice Group
Monday, March 25, 2024
Canal+ Group Buys Stake In African TV Production Company Marodi TV
Saturday, March 23, 2024
ROK's Future In Doubt As Canal+ Seeks To Buy Parent Company Of Africa Magic
Sunday, March 17, 2024
From Turkish Galore On Timeless Dizi Channel To Blockbuster Movies On FilmBox: Could Any Of These Channels Rollout On DStv Perhaps?
Tuesday, March 5, 2024
Development Alert: Canal Plus Increases Offer To Buy MultiChoice For R35.9 Billion
Canal+ also recently increased its stake in the group to over 35% from 31.7%, just above a threshold requiring the company to make a mandatory offer to shareholders. Complicating matters, however, is the fact that SA's Electronic Communications Act of 2005 limits foreign ownership of local broadcast licences. This means Canal+ can increase its shareholding in MultiChoice to any level, but its voting rights are limited to a maximum of 20%.
MultiChoice then applied to the regulator to make a ruling on whether an offer must be made, with deputy executive director Zando Ntuli concluding in a ruling that it must.
Canal+, whose parent is Vivendi, operates in 50 countries across Europe, Africa and Asia, directly serving 8 million customers in Africa. It had about 25 million total subscribers as of its 2023 year, while MultiChoice had 23.5 million.