Could Canal+ be ruing its aggressive pursuit of MultiChoice? The closer the French company gets to the prize, the less the JSE-listed broadcaster resembles an eagle soaring gracefully through a clear blue sky and looks more like an ungainly turkey trying to stay aloft in a storm.

Ever since Canal+ started buying shares in MultiChoice in October 2019, a string of bad news has dented the DStv, SuperSport and Showmax parent’s reputation as a money-making machine...

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