French media company Canal+ submits non-binding indicative offer to acquire South African entertainment firm MultiChoice amid revenue decline.

French media company Canal+ has submitted a non-binding indicative offer to acquire South African video entertainment firm MultiChoice, which has faced dwindling revenues due to competition from global players like Netflix. Canal+ plans for MultiChoice to have the resources to invest in scale, local African talent and stories, and technology to allow it to grow in Africa and compete with global streaming media giants.

February 01, 2024
27 Articles