Canal+ is set to make a firm offer to acquire the remaining shares of MultiChoice by April 8. This move comes after Canal+, a subsidiary of Vivendi, increased its bid for the South African company, valuing MultiChoice at $2.9 billion. The revised offer represents a 60% premium over the undisturbed price. MultiChoice, which has 48m subscribers excluding VIU and VPLAY, is seen as a strategic asset for Vivendi, potentially leading to further acquisitions in the publishing sector and the Bollore galaxy.
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Canal+ raises bid for South Africa's MultiChoice https://t.co/enlxctgGVQ https://t.co/Ygeug6pA7z
1 down, two to go??? Vivendi will pay a 60% premium over the undisturbed price (https://t.co/8pPPWiZSRq to get Multichoice. 48m subs without VIU or VPLAY. I believe the other large checks will be publishing and the Bollore galaxy… https://t.co/CIWbp4Gju9
Vivendi's Canal+ increased its bid for South Africa’s MultiChoice, valuing the firm at $2.9 billion https://t.co/o7vPbNiVmt
Canal+ to make firm offer to buy remainder of https://t.co/1fV5KEGWRK's MultiChoice by April 8 https://t.co/jlClirELLT https://t.co/TNUqB58G6X