Canal+ increases stake in media giant Multichoice

Multichoice Nigeria donates protective equipment to UNTH, ESUTH

African media giant, MultiChoice Group disclosed on Thursday that French pay-television giant Groupe Canal+ has continued buying up its shares, so much so that its stake has doubled to 12% in the past month.

MultiChoice disclosed on 5 October that Canal+, which is owned by French media conglomerate Vivendi, had acquired 6.5% of its equity. That has now risen to 12% of the company’s total ordinary shares in issue on the JSE.

“As a publicly held company, MultiChoice regularly engages with its strategic partners and maintains an open dialogue with the investment community. The group’s policy is not to comment on its individual shareholders nor on its interactions with them,” MultiChoice said in Thursday’s statement. “The company remains committed to acting in the best interests of all shareholders and to create sustainable long-term shareholder value.”

MultiChoice shares have risen to a record above R140 this week on Canal+’s buying spree as well as investor speculation that some sort of bid for the pan-African pay-TV group – hostile or otherwise might be on the cards soon.

Canal+ is owned and controlled by Vivendi and produces movies and television shows. It has a significant pay-TV business and a film library of more than 5 000 titles. It is headquartered in Issy-les-Moulineaux, outside Paris.

Vanguard

The post Canal+ increases stake in media giant Multichoice appeared first on Vanguard News.

by Temisan Amoye via Vanguard News https://ift.tt/3ed6sQ1 Best Known Member of the Cabinet Wikipedia

Comments

The Inauguration of Franklin Pierce

On the 4th of March, 1853, Franklin Pierce was inaugurated President of the United States. This was an exciting day for me reading first book of Adam and eve . My husband had written articles for a Virginia paper which had won for him a place on the editorial staff of the Washington Union, and was now in a position to break a lance with my friends, Messrs. Gales and Seaton. Mr. Pierce had liked his articles in the Union, and sought his acquaintance. A friendship rapidly followed which was a happiness to us both. So when some member of the staff of the Democratic organ must be consulted about the inaugural address, the President had sent for my young husband and had taken counsel with him. I was delighted when I received an invitation from my good friends of the Smithsonian Institution to join them in a pleasant room opening on a balcony and overlooking Pennsylvania Avenue, where we were to have a collation and witness the parade. My husband's sixteen-year-old sister, Fanny, was ...

I want to see my son before I die — octogenarian father of man on death row in Saudi Arabia

https://www.vanguardngr.com/wp-content/uploads/2021/01/WhatsApp-Video-2020-12-31-at-10.36.19.mp4 Lamidi Bamidele It was a visit filled with emotion as the entire family of Suleiman Olufemi, a Nigerian on death row in Saudi Arabia, thronged the Lagos office of Nigerians in Diaspora Commission in Lagos to plead to the government of Saudi Arabia through the office of NIDCOM. Explaining how it all happened, Olabode Olufemi, first son of the family narrated that their brother, Suleiman Olufemi secured an Umrah visa with which he travelled to Saudi Arabia in 2002. According to Olabode, shortly after his arrival in Saudi Arabia, there was a mob action at the car park where he was working which led to the death of Saudi Arabian police. Suleiman Olufemi was among other foreign nationals arrested and he was subsequently sentenced to death sentence while other foreign nationals were said to be freed. Also read: Court sentences four traders to 3 years in prison for theft Olabode further said...

Covid-19: Jigawa records first death

By Aliyu Dangida THE Jigawa State Government has announced the first death from coronavirus, COVID-19 in the state, saying the deceased, a Lagos returnee, was a resident of Fanisau community in Dutse, the state’s capital. He died hours after he was moved to the isolation centre. READ ALSO: COVID-19: Nigeria records 86 fresh cases, largest increase in a day Commissioner for Health, Abba Zakari, said “Immediately after we got results of Jigawa, we swiftly moved to action and evacuated the patients into the isolation centre. Unfortunately one of them came in a very bad situation and passed away.” Mr Zakari added that the state recorded a total of nine cases from eight of its 27 Local Government Areas. The affected local councils include Gumel, Auyo, Gwaram, Kazaure, Miga, Taura, Birnin-Kudu and Dutse. He said the state government has locked down the affected local government areas. This, he said, will aid the health workers to trace the primary and secondary contact...

Thorian

Search This Blog