Canal+ Moves Closer to Full Takeover of MultiChoice With 40% Stake [Video]

• Canal+ has significantly increased its stake in MultiChoice, the parent company of DStv and Gotv
• This comes after the French media firm failed to secure an outright buyout offer from the South African pay-TV company
• According to analysts, Canal+ might be targeting more share purchases to be able to eventually takeover MultiChoice

Legit.ng journalist Victor Enengedi has over a decade’s experience covering Energy, MSMEs, Technology and the stock market.

The French media conglomerate Groupe Canal+ has recently obtained a 40.01% stake in MultiChoice, the parent entity of DStv.

This development was formally disclosed via the Johannesburg Stock Exchange (JSE) news platform, ending ongoing speculations regarding a prospective merger.

Legit.ng earlier reported plans by Canal+ to acquire additional sharesof Africa’s largest pay-TV company, MultiChoice, after securing South Africa’s …