Tag
CANAL+
MultiChoice Group (MCG) has announced sweeping board changes and a shift in its financial year-end, following the finalisation of the $3 billion acquisition by French media giant Canal+.
French media giant Canal+ has received final approval from South Africa’s Competition Tribunal to acquire pay-TV heavyweight MultiChoice, bringing one of Africa’s biggest media mergers a step closer to completion.
French broadcasting group Canal+ has acquired more shares of Multichoice Group, bringing its total shareholding in the company to 40.01%.
The Board of Multichoice Group said they have agreed to extend the tenure of the company’s Chairman, Imtiaz Patel for him to spearhead the conclusion of the ongoing buyout deal with French media conglomerate Groupe Canal+.
Canal+ , has announced its firm intention to acquire additional shares of South African pay-TV company MultiChoice (MCGJ.J) by April 8.