(Bloomberg) -- Vivendi SE’s Canal+ made an all-cash formal offer for MultiChoice Group Ltd., valuing the South African broadcaster’s shares at $2.9 billion...
-- Vivendi SE’s Canal+ made an all-cash formal offer for MultiChoice Group Ltd., valuing the South African broadcaster’s shares at $2.9 billion as the French firm moves ahead with its plans to boost its presence on the continent.Netanyahu Pulls Some Troops From Gaza and Says Victory Near
Canal+ began buying shares in MultiChoice as far back as 2020, and surpassed a 35% holding in the company this year, triggering a mandatory takeover offer. Vivendi has developed a strong presence in high-growth regions in Africa and Asia, and plans to list Canal+ — its largest unit — separately. The French company said previously that it plans to keep MultiChoice listed on the Johannesburg Stock Exchange.
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