DStv Channel 403 Tuesday, 05 November 2024

Multichoice rejects Canal+ buyout

 

JOHANNESBURG - The MultiChoice Group has rejected French entertainment giant Canal+ buyout offer.

READ: Multichoice sees dip in share price

The proposed offer was R105 per share in cash but MultiChoice says that according to their valuation exercise, their shares are valued significantly higher.

READ: Multichoice sees surge in subscribers 

Further negotiations have not been ruled out.

 

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