{"id":66247,"date":"2024-02-04T06:32:00","date_gmt":"2024-02-04T06:32:00","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/all-news\/french-media-giant-submits-offer-to-buy-multichoice"},"modified":"2024-02-04T07:09:24","modified_gmt":"2024-02-04T07:09:24","slug":"french-media-giant-submits-offer-to-buy-multichoice","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/french-media-giant-submits-offer-to-buy-multichoice","title":{"rendered":"French media giant submits offer to buy Multichoice"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>French media giant Vivendi’s Canal+ has submitted an offer to acquire South African pay TV company MultiChoice Group, the company said in a statement on Thursday.<\/b><\/p>\n

Canal+, which is a major shareholder in Vivendi with a 31.67 percent stake according to LSEG data, said it would pay a cash consideration of 105 rand ($5.61) per MultiChoice ordinary share, and is also aiming to obtain a listing in South Africa.<\/p>\n

It said the offer represents a 40 percent premium to MultiChoice’s closing share price of 75 rand on Wednesday.<\/p>\n

“For MultiChoice to continue to thrive in Africa it will require a strategy that enhances its scale as well as strengthened local and global expertise. Our potential offer, if successful, would be an important next step for MultiChoice to realise its full potential,” Maxime Saada, chairman and chief executive officer of Canal+, said in a statement.<\/p>\n

Mr Saada added that MultiChoice would have the resources to invest in scale, local African talent and stories, and technology to allow it to grow in Africa and compete with global streaming media giants.<\/p>\n

Africa’s biggest pay TV company MultiChoice has over the years been investing billions of rand to fight off competition from international streaming giants such as Netflix, Amazon and Disney, some of which have also been investing in local content.<\/p>\n

MultiChoice broadcasts in 50 countries in Sub-Saharan Africa.<\/p>\n

For More News And Analysis About Uganda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. French media giant Vivendi’s Canal+ has submitted an offer to acquire South African pay TV company MultiChoice Group, the company said in a statement on Thursday. Canal+, which is a major shareholder in Vivendi with a 31.67 percent stake according to LSEG data, said it would pay a cash consideration of 105 […]<\/p>\n","protected":false},"author":84,"featured_media":66246,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,240,234],"class_list":["post-66247","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nFrench media giant submits offer to buy Multichoice - Uganda<\/title>\n<meta name=\"description\" content=\"French media giant Vivendi's Canal+ has submitted an offer to acquire South African pay TV company MultiChoice Group, ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/french-media-giant-submits-offer-to-buy-multichoice\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"French media giant submits offer to buy Multichoice\" \/>\n<meta property=\"og:description\" content=\"French media giant Vivendi's Canal+ has submitted an offer to acquire South African pay TV company MultiChoice Group, ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/french-media-giant-submits-offer-to-buy-multichoice\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-04T06:32:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-04T07:09:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/02\/sm_1707017825.360528.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/french-media-giant-submits-offer-to-buy-multichoice#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/french-media-giant-submits-offer-to-buy-multichoice\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"French media giant submits offer to buy Multichoice\",\"datePublished\":\"2024-02-04T06:32:00+00:00\",\"dateModified\":\"2024-02-04T07:09:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/french-media-giant-submits-offer-to-buy-multichoice\"},\"wordCount\":242,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/french-media-giant-submits-offer-to-buy-multichoice#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/02\/sm_1707017825.360528.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/french-media-giant-submits-offer-to-buy-multichoice#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/french-media-giant-submits-offer-to-buy-multichoice\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/french-media-giant-submits-offer-to-buy-multichoice\",\"name\":\"French media giant submits offer to buy Multichoice - 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