French media conglomerate Groupe Canal+ has acquired another 3,868,391 shares in DStv owner MultiChoice, bringing its total ownership of the company to 42.47%.“Canal+ confirms that these acquisitions have already been disclosed to the Takeover Regulation Panel as required under the Companies Act and ,” it stated.The French media conglomerate’s latest disclosure comes after a series of similar announcements from MultiChoice and itself.
“We do not envisage this happening as exceeding 50% ownership would amount to a merger under the Competition Act, which would require prior approval from the Competition Tribunal.”
Headline Multichoice Takeover Regulation Panel (TRP) Broadcasting
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