Skip to main content

Canal+ increases stake in media giant Multichoice

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
Labels:

Comments

Post a Comment

Popular posts from this blog

UPDATED: Nigeria’s coronavirus cases reach 1,728, fatalities 51

  By David Royal The Nigeria Centre for Disease Control (NCDC) says 196 new cases of coronavirus (COVID-19) have been reported in the last 24 hours, bringing the total number of confirmed cases to 1,728. NCDC also announced that seven more fatalities were recorded, bringing the total number of deaths to 51. The NCDC, in a tweet at about 11:55 p.m. on Wednesday, said the 196 new cases reported were; 87-Lagos, 24-Kano, 18-Gombe, 17-Kaduna, 16-FCT, 10-Katsina, 8-Sokoto, 7-Edo, 6-Borno, 1-Yobe, 1-Ebonyi, 1-Adamawa. The virus has spread to 34 states and the Federal Capital Territory, Abuja. Yobe, according to NCDC report, is the most recent state to record COVID-19 case in the country. According to the agency, Nigeria now has 1,370 active cases recorded as of 11:55 p.m. on April 29, while 307 infected persons have been treated and discharged, with 51 deaths recorded. READ ALSO: US says remdesivir shows ‘clear-cut’ effect in treating coronavirus “On the 29th of April 2020, 196 ...
Post a Comment
Read more

Bolt launches in-App calling feature to enhance customer satisfaction

Africa’s leading ride-hailing platform, Bolt, has recently launched a Voice Over Internet Protocol (VoIP) feature to simplify communication between riders and drivers. This innovative feature further enforces Bolt’s commitment to safety and allows easy communication flow without extra charges to users. The new feature enables riders and drivers to utilise phone services over the internet, eliminating the cost of regular phone calls. In addition, the VoIP feature adds an extra layer of safety and assurance when riders engage with drivers. Speaking about the update, Femi Akin-Laguda, Country Manager at Bolt, shared that safety and customer satisfaction remain priorities for the company. “We are constantly innovating and identifying ways to ensure our services remain safe and convenient for both riders and drivers. “This new feature ensures extra security that secures our riders and drivers’ information and provides cost savings on airtime use. VoIP is similar to voice calls on other ...
Post a Comment
Read more

Video Apapa/Oshodi Expressway Report

CONTRARY to  claims by Senior Special Assistant to the President on Industry, Trade and Investment, and Secretary, Presidential Enabling Business Environment Council, Dr. Jumoke Oduwole, yesterday, that over 90 per cent compliance has been recorded following a presidential directive to truck drivers to vacate the Apapa/Oshodi Expressway and access roads to the ports, Vanguard can authoritatively report that since the expiration of the  presidential order, the trucks are  yet to vacate most of the places they occupy. Continue reading Video Apapa/Oshodi Expressway Report at Vanguard News. by adekunle via Vanguard News http://bit.ly/2wtn1Ca Best Known Member of the Cabinet Wikipedia
Post a Comment
Read more