South Africa's competition watchdog greenlights Canal+ takeover of MultiChoice with conditions

Vivendi SE

21/05/2025 09:27

JOHANNESBURG, May 21 (Reuters) - South Africa's Competition Commission on Wednesday recommended that the Competition Tribunal approve France's Canal+ offer to buy shares it does not own in pay TV broadcaster MultiChoice MCGJ.J with conditions.

Canal+, part of French media group Vivendi VIV.PA, last year made a firm offer of 125 rand in cash per MultiChoice share, or about 35 billion rand ($1.96 billion), which valued the company at about 55 billion rand.

($1 = 17.8759 rand)

 (Reporting by Nqobile Dludla, Editing by Louise Heavens)

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