Naspers Rejects Multi-Million USD Offer From Vivendi's Canal+ For Multichoice Africa
Naspers Group, one of the largest global technology investors and owners of MultiChoice has rejected a multi-million dollar offer from Vivendi, a French-owned multinational integrated media and content group to acquire MultiChoice Africa.
In a report released by BFM TV, a news and weather channel based in France, an approach to buy Multi-Choice was made by the owner of Canal+ Group a couple of months ago. Canal + Group is a Vivendi controlled company whose activities include film, television studio, and distribution among others.
Canal+ intends to gain access to English-speaking countries in Africa. And the mixture of the English-speaking Multichoice with French-speaking Canal+ programming would have been 'perfect'.
MultiChoice boasts of about 4.6 million subscribers, with a wide reach into 48 countries of which 2.6 million is by satellite and over 3 million Digital Terrestrial Television (DTT) Subscribers in Ten countries in the region. Should Vivendi succeed in buying Multichoice, then they will have millions of subscribers added to their database.
Naspers, the owner of MultiChoice, OLX, Media24, Allegro and other companies, is a global internet and entertainment group that offers its services in more than 130 countries. Vivendi SA (formerly Vivendi Universal SA) who is a potential buyer is a French multinational mass media conglomerate that provides music, television, film, video games and other content with its headquarters in Paris. Some of the companies it houses are Gameloft, Universal Music Group, Daily Motion and many more.