Canal+ has again upped its stake in South Africa’s MultiChoice by acquiring four tranches of shares between May 2-7. The latest purchases take the French pay TV outfit’s stake in the South African pay TV player to 43.54%.
In mid-April, Canal+ acquired additional shares in MultiChoice, taking its stake in the South African pay TV operator to just over 40%.
That move followed the pair’s announcement on April 8 that they had agreed the outline of a deal whereby Canal+ could bid to take full control of MultiChoice.
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