It is hard to see how SA’s economic regulators will approve the bid by Canal+ to acquire MultiChoice without imposing strict conditions to a deal worth R46bn.

A week ago, Canal+ expressed its intention to buy MultiChoice. The non-binding offer, in the form of a letter, would cause the French company to acquire the rest of the shares it does not already own. So far it has been made only to the board of MultiChoice. A formal offer would have to be made to the shareholders including the black shareholders through the empowerment scheme, Phuthuma Nathi...

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