MultiChoice building an African empire
The interest of French group Canal+ highlights MultiChoice’s role as a gatekeeper to the continent
15 October 2020 - 05:00
French media group Canal+’s growing investment in SA’s MultiChoice has set off speculation of deeper ties between the two companies.
Canal+, the pay-TV subsidiary of media conglomerate Vivendi, says the acquisition of the 6.5% stake, now worth R3.2bn, is a long-term investment, underscoring its confidence in the prospects of MultiChoice and Africa.
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