MultiChoice pays R4.4bn, taking BetKing stake to 49%
Pay-TV operator sees good opportunities in sports betting, especially in Africa
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...