By (SOPA Images/Getty Images)
French media giant Canal+ says it’s confident about getting a tie-up with MultiChoice over the line after securing cooperation from the owner of DStv and Showmax.
Canal+, which first invested in MultiChoice in 2020, formally made a R125 per share offer for Africa’s largest pay-TV operator on Monday, valuing it at about R55 billion on the JSE.
This had been expected, with the group first making a proposal in February that was rebuffed as too low, but both parties also announced on Monday they have agreed to work closely to ensure the transaction can be implemented.
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