Streaming wars: Why Canal Plus wants to buyout MultiChoice

Local investors continue to wait for the next move from Canal Plus after South African regulators said the French Media Group had to make a mandatory offer to buy African pay TV and streaming provider MultiChoice. This follows Canal Plus recenlty crossing the 35 per cent ownership threshold, where a mandatory offer is required. The board of MultiChoice has rejected the French Media Group's non-binding offer of R105 per share, saying it significantly undervalued the group. CNBC International's Arabile Gumede unpacks this further.
Fri, 01 Mar 2024 11:00:26 GMT