MultiChoice pays R4.4bn, taking BetKing stake to 49%
Pay-TV operator sees good opportunities in sports betting, especially in Africa
10 June 2021 - 18:25
MultiChoice, which increased profit by more than a quarter in the 12 months ended March 31, has increased its stake in sports betting platform BetKing as it seeks to cash in on the buoyant industry and boost the number of its subscribers.
MultiChoice said on Thursday it paid $281.5m (about R4.4bn), taking its ownership of BetKing, a digital and sports entertainment platform that focuses on Africa, to 49%. It initially bought a 20% stake in October 2020...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.