Multichoice, South Africa's leading pay-TV broadcaster, announces its support for a $2.9 billion takeover offer from Canal+, the French satellite TV giant.

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Financial Times 2w ago

Multichoice, South Africa's leading pay-TV broadcaster, announces its support for a $2.9 billion takeover offer from Canal+, the French satellite TV giant. - Financial Times

Quick Summary:

South Africa’s MultiChoice supports $2.

In the past, this clause has opened the way for the government to ring out concessions from foreign buyers such as Walmart and Anheuser-Busch InBev, including on retaining jobs and expanding South African supply chains.

Significantly for South Africa’s stock exchange, Canal+ plans a secondary listing of its shares on the JSE after a takeover is agreed, provided that its intended listing in Europe goes ahead.