Multichoice Rejects Canal+ Takeover Offer: Valuation at $2.5 Billion Deemed Insufficient
Multichoice, the prominent African pay-TV company, has officially rejected a takeover offer from Canal+, a leading French television provider. The proposal, which valued Multichoice at $2.5 billion, was turned down by Multichoice’s Board after thorough deliberation. In an official statement, the Board expressed its dissatisfaction with the offered price of R105 in cash, asserting that…