Canal Plus's MultiChoice Takeover: A Regulatory Loophole
Johannesburg News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
South African regulators have approved French company Canal Pluss acquisition of pay-TV operator MultiChoice, giving Canal Plus majority ownership. The deal avoids strict broadcasting control rules by using a separate license-holding entity, LicenceCo. MultiChoice now holds a minority stake in LicenceCo, with Phuthuma Nathi Investments and two consortiums owning the majority. The merger was found to have no impact on competition, and Canal Plus plans to shut down the struggling Showmax streaming service.
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