MultiChoice and Canal+ agree on posttransaction structure

Shares in MultiChoice leapt almost 3% on Tuesday, their biggest one-day gain since July, as the DStv operator revealed its licence and empowerment structure for its takeover by would-be suitor Canal+.

To get the deal over the line, the companies have proposed a structure that causes the creation of a separate entity that will house MultiChoice’s broadcast licence in SA. ..

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