Canal+, backed by French billionaire, plans JSE listing after MultiChoice takeover
Canal+, led by billionaire Vincent Bolloré, plans JSE listing after taking full control of South Africa’s MultiChoice Group.
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Canal+, led by billionaire Vincent Bolloré, plans JSE listing after taking full control of South Africa’s MultiChoice Group.
French media giant Canal+ finalizes $2.02 billion MultiChoice takeover, forming Canal+ Africa with 40 million subscribers across nearly 70 countries.
The approval clears one of the last regulatory hurdles, allowing Canal+ to proceed with its mandatory offer to minority shareholders.
The regulator has given the company 30 days, until Sept. 8, to respond or risk losing its broadcasting license.
The tender offer will conclude on April 25, 2025, with regulatory results expected on April 29, 2025, as outlined in a combined circular released earlier this week.