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      IBC 2024 draws 45,000+ visitors from 170 countries

      IABM Impact Awards 2025 to celebrate broadcast and media innovation

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      El Gouna Film Festival opens call for CineGouna Emerge programmes

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      IBC 2025 reveals star-studded conference line-up

      Trending Tags

      • broadcast
      • MENA broadcast
      • ConnecTech2019
    • Tech Features
      • All
      • CASE STUDIES
      • New Media
      • REVIEWS
      • TV/Radio Deals
      • Updates from FOMEX
      • Virtual Production Series
      Breaking free from the hardware cycle: Cloud collaboration in post-production

      Breaking free from the hardware cycle: Cloud collaboration in post-production

      Playing to win

      Playing to win

      The expanding role of AI in broadcast

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      Tech strategies for an evolving modern MENA media ecosystem

      SMF and FOMEX bring top industry leaders together in Riyadh – Part II

      SMF and FOMEX bring top industry leaders together in Riyadh – Part IV

      SMF and FOMEX bring top industry leaders together in Riyadh – Part I

      SMF and FOMEX bring top industry leaders together in Riyadh – Part III

      SMF and FOMEX bring top industry leaders together in Riyadh – Part II

      SMF and FOMEX bring top industry leaders together in Riyadh – Part II

      SMF and FOMEX bring top industry leaders together in Riyadh – Part I

      SMF and FOMEX bring top industry leaders together in Riyadh – Part I

      Transforming the entertainment experience with tech

      Transforming the entertainment experience with tech

      Trending Tags

      • Videos
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        FOR-A’s award-winning HVS-Q12: A quantum leap in switcher design

        Ignacio Gonzalez-Nuñez on Eutelsat’s new offering and market leadership

        Ignacio Gonzalez-Nuñez on Eutelsat’s new offering and market leadership

        Francesco Cataldo on iKO Media Group’s CABSAT showcase and broadcast trends

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        Deepraj Sandhar on Ross Video’s Middle East growth and broadcast tech trends

        Deepraj Sandhar on Ross Video’s Middle East growth and broadcast tech trends

        Reema Omari

        Reema Omari on Universal Satcom’s growth and connectivity solutions

        Mustafa Afifi

        Mustafa Afifi of Rivada Space on Outernet’s impact in the Middle East

        Don

        ST Engineering iDirect CEO Don Claussen on Mideast ties and satellite strategy

        KSASummit

        Transforming Arabic Content: Studios, Producers and Regional Impact

        Bringing Real-Time Audience Insights to Linear Broadcast TV – A First and Exclusive

        Bringing Real-Time Audience Insights to Linear Broadcast TV – A First and Exclusive

      • Opinion
        Evision’s transformation proves that business acumen and passion drive success

        As AI shapes stories, UAE shapes the rules

        Survival of the Smartest: Cloud Playout as a Strategic Weapon

        Survival of the Smartest: Cloud Playout as a Strategic Weapon

        Bridging the Latency Gap with Broadcast in a Streaming World

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        YouTube in Ramadan: The silent giant

        YouTube in Ramadan: The silent giant

        Evision’s transformation proves that business acumen and passion drive success

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        MEASA’s media and communications innovations set new benchmarks beyond regional boundaries

        MEASA’s media and communications innovations set new benchmarks beyond regional boundaries

        Integrate ME 2023 brings its inaugural edition to successful conclusion

        Empowering the next generation of content creation and live broadcasting with AV PRO

        Decoding the Ramadan Drama Phenomenon: What Makes a Winner?

        Decoding the Ramadan Drama Phenomenon: What Makes a Winner?

        Reviving cultural identity through native storytelling in Abu Dhabi

        Reviving cultural identity through native storytelling in Abu Dhabi

        Why it’s game on for broadcasters of live sport

        Why it’s game on for broadcasters of live sport

      • Interviews
        • All
        • Lounge
        Keeping AI real in the newsroom

        Keeping AI real in the newsroom

        Sand, sweat and high stakes

        Sand, sweat and high stakes

        All eyes on AIUIa

        All eyes on AIUIa

        Grass Valley scales up with software and IP workflows

        Grass Valley scales up with software and IP workflows

        Breaking barriers, building futures: The new face of IABM

        Breaking barriers, building futures: The new face of IABM

        New Leadership, Same Strategy, Sharpened Focus

        New Leadership, Same Strategy, Sharpened Focus

        Creating Captain Shedeed: A superhero with Arab roots

        Creating Captain Shedeed: A superhero with Arab roots

        UAE Pro League flips the field

        UAE Pro League flips the field

        Bringing the wild to the Middle East

        Bringing the wild to the Middle East

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      Home News Mergers/Acquisitions

      MultiChoice rejects takeover bid from Canal+

      Staff Reporter by Staff Reporter
      February 6, 2024
      in Mergers/Acquisitions, News
      MultiChoice announces price slash for DStv, GOtv decoder
      ShareTweetPostEmail

      Canal+ is currently the largest shareholder in MultiChoice with a 31.67% stake.

      South African pay-TV broadcaster MultiChoice has turned down a takeover bid from Canal+, the Vivendi-owned pay-TV provider. The Board of MultiChoice has announced its decision, stating that the €2.5bn offer from Canal+ significantly undervalues the company.

      Canal+, which currently holds a 31.7% stake in the company, had submitted a non-binding purchase bid. Despite Canal+’s ambitions of turning the African pay-TV business into a global media company through a merger, MultiChoice expressed its dissatisfaction with the valuation, emphasising that the offer did not reflect the true value of its business.

      With a market capitalization of $2.15bn, MultiChoice operates in 50 markets across sub-Saharan Africa, managing various channels and entertainment platforms, including M-Net, DStv satellite offerings, and the Showmax streaming service. The rejection of Canal+’s bid comes after MultiChoice conducted its own valuation exercise, which concluded that the proposed offer did not account for potential synergies arising from the envisaged transaction.

      In a statement given to the Johannesburg Stock Exchange, MultiChoice said: “MultiChoice’s valuation excludes any potential synergies which may arise from the envisaged transaction. In this regard Canal+ has, following the lengthy discussions between the parties, repeatedly conveyed to the public what it sees as the advantages of the combined entity and therefore seemingly takes the view that there are significant synergies.”

      The rejection of Canal+’s bid raises questions about the future direction of MultiChoice and its strategic partnerships within the ever-evolving media and entertainment landscape.

      Tags: Canal+ GroupDStv satellitefeaturedpostMultiChoiceShowMaxstreaming service

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