Canal+ offering to buy MultiChoice for R105 per share - a roughly R31.7 billion deal

[Jan]

Canal+ offers to buy MultiChoice for R31.7 billion

Canal+ has announced that it submitted a non-binding indicative offer that will see it acquire South Africa’s pay-TV giant for around R31.7 billion.

In a statement on Thursday, Canal+ said it sent a letter to MultiChoice’s board containing a non-binding indicative offer to acquire all of the issued ordinary shares of MultiChoice it does not already own, subject to obtaining the necessary regulatory approvals.

 

[WAslayer]

This is probably your last chance at some sort of saving grace, take it..

 

[milan188]

We are about to be so screwed over if this deal goes through

 

[Avbob se stoep]

We are about to be so screwed over if this deal goes through

You are already getting screwed over with the current price tag.

 

[BBSA]

We are about to be so screwed over if this deal goes through

Who is we?

 

[Neuk_]

memories of Viacom buying Blockbuster in the 90's come to mind when I hear this...

 

[elf_lord_ZC5]

We are about to be so screwed over if this deal goes through

We are used to it, nothing new.

 

[elf_lord_ZC5]

Who is we?

The Multichoice faithful.

 

[WAslayer]

We are about to be so screwed over if this deal goes through

What's the worst that could happen..??

...

 

[dualmeister]

 

[BBSA]

The Multichoice faithful.

Don't they already get screwed?

High seas FTW

 

[L-Dog]

What's the worst that could happen..??

...

They could hike prices for dstv premium, the slow bleed wil continue until its bankrupt in 5-10 years and thousands of people loose their jobs.

Best case scenario they move to a pay per channel basis or maybe spin of super sport.

 

[Jan van Riebeeckstad]

Make a quick 30 bucks?

 

[pratlou]

Make a quick 30 bucks?

Don't attempt to make a quick buck, the share price will quickly run to R105 in the first second of the market opening if the market likes the offer.

 

[quovadis]

More offshore overlords but probably inevitable for Multichoice considering their complete disconnect with the market.

 

[elf_lord_ZC5]

Multichoice - grab the cash and run, while you still have some creditable value.

 

[Nerfherder]

Who is we?

Probably MC shareholders.... I don't think anyone else cares.

 

[Jan van Riebeeckstad]

Don't attempt to make a quick buck, the share price will quickly run to R105 in the first second of the market opening if the market likes the offer.

Daymn, Whadupp playaa, look at you in the middle of eskimo pie sandwich. Bet you working overtime exploring their canals

 

[WAslayer]

They could hike prices for dstv premium, the slow bleed wil continue until its bankrupt in 5-10 years and thousands of people loose their jobs.

Best case scenario they move to a pay per channel basis or maybe spin of super sport.

I would like to imagine that Canal+ has some sort of plan to stop the bleeding considering they made an offer to buy up the place, which I would like to think does not include price hikes..

Seems like a monumentally retarded way to waste a few billion randelas if that's their plan ...

 

[elf_lord_ZC5]

I would like to imagine that Canal+ has some sort of plan to stop the bleeding considering they made an offer to buy up the place, which I would like to think does not include price hikes..

Seems like a monumentally retarded way to waste a few billion randelas if that's their plan ...

Give the subscribers lots French and French African dubbed content.