A deal will be exceptionally difficult – if not impossible – to get over the line. So, why is Canal+ pursuing control of MultiChoice?on Africa ’s broadcasting industry on Thursday, announcing a firm interest in acquiring South Africa n-listed MultiChoice Group, the parent of DStv, SuperSport, Showmax and GOtv. The move, described by Canal+ as a “non-binding indicative offer to acquire all of the issued ordinary shares of MultiChoice that it does not already own”, could result in a firm offer.
But a deal will be exceptionally difficult – if not impossible – to get over the line. Canal+ is already a significant player on the continent, though it’s reach is mostly limited to Francophone Africa The answer may lie not so much in South Africa, where restrictions on foreign media ownership make a transaction exceedingly difficult, but in the opportunity across the rest of the continent. The future of African television is being built now, and Canal+ wants to lead it. It can’t do it on its ow
Source: News Formal (newsformal.com)
Canal+ Multichoice Africa Broadcasting Acquisition Media Ownership Dstv Supersport Showmax Gotv
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Comparing Streaming Services: MultiChoice's Showmax 2.0This article compares popular streaming services like Netflix, Amazon Prime, Disney+ and Showmax, focusing on MultiChoice's Showmax 2.0. It discusses the value points, content offerings, and investment potential of these services.
Source: Moneyweb - 🏆 5. / 77 Read more »
Israel accuses South Africa of vilifying its right to self-defence at ICJIsrael has defended itself against South Africa's genocide case at the ICJ, accusing Pretoria of vilifying its right to self-defence against Hamas militants. Dr Tal Becker, a legal expert of the Israeli Ministry of Foreign Affairs, made fiery opening remarks at the ICJ, accusing South Africa of blaming Israel for the killings of its citizens by Hamas and delegitimising Israel's existence.
Source: City_Press - 🏆 7. / 72 Read more »
South Africa Counters Israel's Arguments at ICJSouth Africa responds to Israel's arguments at the International Court of Justice, denying that its case is in defense of Hamas and emphasizing the need for accountability for alleged violations of the UN Convention.
Source: City_Press - 🏆 7. / 72 Read more »
South Africa's Intelligence Bill Raises ConcernsSouth Africa is taking steps to address the misuse of intelligence services by former president Jacob Zuma. However, some proposals in the new bill are raising concerns about potential new abuses.
Source: TechCentral - 🏆 8. / 71 Read more »
SAP fined R2.3bn in South Africa for corruptionUndoing Tax Abuse (Outa) said SAP’s R2.3-billion in penalties to South Africa show that alternative dispute resolutions can help resolve state capture cases but has warned that people need to be jailed over the German firm’s corrupt dealings.
Source: TechCentral - 🏆 8. / 71 Read more »
South Africa Files Urgent Case Against Israel at ICJ for Genocide in GazaSouth Africa has initiated proceedings against Israel at the International Court of Justice, accusing the state of committing crimes of genocide against Palestinians in Gaza. The case will be heard next week and South Africa's legal team includes prominent lawyers.
Source: TheCitizen_News - 🏆 6. / 75 Read more »