{"id":625406,"date":"2022-09-14T09:19:05","date_gmt":"2022-09-14T07:19:05","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=625406"},"modified":"2022-09-14T09:19:05","modified_gmt":"2022-09-14T07:19:05","slug":"frances-canal-doubles-stake-in-south-africas-multichoice-in-a-year","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/media\/625406\/frances-canal-doubles-stake-in-south-africas-multichoice-in-a-year\/","title":{"rendered":"France\u2019s Canal+ doubles stake in South Africa&#8217;s MultiChoice in a year"},"content":{"rendered":"<p>Canal+, a unit of France\u2019s $9.7 billion Vivendi SE, has been speeding up its acquisition of shares in South African television and entertainment company MultiChoice Group, with its stake having risen to 26.26% from 15.37% a year ago.<\/p>\n<p>Canal+ bought 6.5% of MultiChoice in October of 2020 and within the same month almost doubled that to 12%, sparking talk of a buyout.<\/p>\n<p>While MultiChoice rallied on the speculation, it said it had begun a collaboration with Canal+ on co-productions that would help with sharing costs.<\/p>\n<p>Two years later and it\u2019s again unclear what Vivendi\u2019s intentions might be. Canal+ increased its stake to 20.12% in July and has twice now added more stock to its holdings in a company that has more than 76% of its shares in free float, according to data compiled by Bloomberg.<\/p>\n<p>If Canal+ were to buy 35% or more of MutliChoice\u2019s shares, it would trigger a mandatory offer to shareholders.<\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/media\/620493\/netflix-with-ads-could-be-half-as-much-as-its-current-most-popular-plan\/\" target=\"_blank\" rel=\"noopener\">Netflix with ads could be half as much as its current, most-popular plan<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canal+, a unit of France\u2019s $9.7 billion Vivendi SE, has been speeding up its acquisition of shares in South African television and entertainment company MultiChoice Group, with its stake having risen to 26.26% from 15.37% a year ago.<\/p>\n","protected":false},"author":59,"featured_media":625408,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5554],"tags":[6633,26,1253],"class_list":["post-625406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media","tag-canal","tag-headline","tag-multichoice"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/625406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=625406"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/625406\/revisions"}],"predecessor-version":[{"id":625410,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/625406\/revisions\/625410"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/625408"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=625406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=625406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=625406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}