French media giant Vivendi’s Canal+ has submitted an offer to acquire South African pay TV company MultiChoice Group, the company said in a recent statement.

Canal+, which is a major shareholder in Vivendi with a 31.67 percent stake, said it would pay a cash consideration of 105 rand ($5.61) per MultiChoice ordinary share, and is also aiming to obtain a listing in South Africa.

For more information, please see https://www.theeastafrican.co.ke/tea/business/french-media-firm-submits-offer-to-acquire-sa-s-multichoice-4510524