South African billionaire Patrice Motsepe discusses joining Canal+'s $2.9bn bid for MultiChoice Group to meet South Africa's Black ownership requirements.
South African billionaire Patrice Motsepe is in discussions with Vivendi SE's Canal+ to potentially join their $2.9bn bid for South African broadcaster MultiChoice Group. Motsepe's involvement could aid Canal+ in meeting South Africa's strict Black ownership requirements. If successful, the deal would grant Canal+ access to African markets and create a group with nearly 50 million subscribers and resources to invest more in local content and sports.
March 27, 2024
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