Groupe Canal+ has confirmed that it has crossed the 10 per cent threshold in share capital of MultiChoice Group. As of October 28th, Groupe Canal+ owns 12 per cent of the company’s share capital.

Earlier this month, Canal+ acquired a 6.5 per cent stake in the South Africa-based pay-TV provider.

Canal+ said at the time that the move was a long-term financial investment and testament to the confidence that owner Vivendi has in MultiChoice and the African continent.

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Categories: Articles, Broadcast, Business, M&A, Pay TV

Tags: Canal+, multichoice, Vivendi