Mandate Issued to MultiChoice: Prepare Offer for Canal+
In a significant move, French media company Canal+, owned by Vivendi, has proposed to acquire the remaining shares of pay-TV company MultiChoice. This offer, worth €2.5 billion, was made in February 2024, and since then, the deal has been under regulatory review and negotiations.
The aim is for Canal+ to secure full ownership of MultiChoice, a move that could expand its market presence in Africa. The South Africa's Takeover Regulations Panel (TRP) has ruled that this French media company must make a mandatory offer to buy the remaining shares of MultiChoice.
At the time of the offer, Canal+ held a 31.67% stake in MultiChoice, a figure that rose to 35.01% shortly afterwards. The rise passed the 35% threshold where a mandatory offer is required.
Meanwhile, the TRP's ruling means that Canal+ must make the mandatory offer immediately. The pay-TV company involved is MultiChoice.
Elsewhere in the global space race, Starlink and AST SpaceMobile are racing for cellular consumers. There are speculations about Starlink potentially disrupting the US Cellular sector, while there may be trouble for foreign Direct-to-Dish (D2D) satellites over India. The business value of SpaceX's Starship is predicted to reach $2.5 trillion by 2030.
In other news, the South African Broadcasting Corporation (SABC) is facing the possibility of complete collapse. A bank has upped its investment in AST SpaceMobile, and another has stated there could be more to come from EchoStar.
As these developments unfold, it seems there is much to fight for in both the African pay-TV market and the global space race. Stay tuned for more updates on these exciting developments.
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