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MultiChoice Group Limited (MCG.JO)

Johannesburg - Johannesburg Delayed price. Currency in ZAc (0.01 ZAR)
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10,671.00+29.00 (+0.27%)
At close: 05:00PM SAST
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  • Reuters

    South Africa's MultiChoice recommends Canal+ offer

    MultiChoice appointed the bank to examine the all-cash mandatory offer which would create a pan-African broadcaster with about 31.5 million subscribers across more than 50 countries. Canal+, part of French media group Vivendi, in April made a firm offer of 125 rand in cash per MultiChoice share, or about 35 billion rand ($1.88 billion), which valued the company at about 55 billion rand. Maxime Saada, chairman and CEO of CANAL+, said on a media call that the French company had already invested close to 1.2 billion euros buying a 45.2% stake in MultiChoice.

  • Reuters

    Canal+ raises buyout offer for South Africa's MultiChoice

    JOHANNESBURG (Reuters) -French media group Vivendi's Canal+ has raised its offer to buy all the shares of South Africa's MultiChoice that it does not already own, the companies said. Canal+, the biggest shareholder in MultiChoice, will offer 125 rand per share, valuing the pending shares at about 33.7 billion rand ($1.77 billion) according to Reuters calculations, after its previous offer of 105 rand was rejected last month. Maxime Saada, chairman and CEO of Canal+, told Reuters on Tuesday that the French company had engaged with the board of Africa's biggest pay-TV company to determine a reasonable price that would lead them to resume talks.

  • Reuters

    Canal Plus must make offer to MultiChoice shareholders, says S.Africa regulator

    South Africa's takeover panel has ruled that French media company Groupe Canal+ SA is required to make a mandatory offer immediately to buy shares of pay-TV company MultiChoice that it does not already own, MultiChoice said on Wednesday. It held a 31.67% stake at the time which rose to 35.01% shortly afterwards, topping a 35% threshold where a mandatory offer is required. Its offer of 105 rand per share was rejected by the board of MultiChoice, saying it significantly undervalued the group.