MultiChoice buys R1.8-billion stake in BetKing

Jamie McKane

MyBroadband Journalist
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Mar 2, 2016
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MultiChoice buys R1.8-billion stake in BetKing

MultiChoice Group Ltd. plans to develop more local productions with Vivendi SA’s Canal+, the French media group that’s built a 12% stake in Africa’s largest pay-TV provider.

While Canal+ has described its acquisition of shares in Johannesburg-based MultiChoice as “a long-term financial investment,” the South African group has seized on the opportunity to work with its new investor, according to Chief Executive Officer Calvo Mawela.
 

eg2505

Honorary Master
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Mar 12, 2008
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24,655
so next will be sports betting from the comfort of your DSTV remote,
sure the bribes to enable this will be big,
 

Creag

The Boar's Rock
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May 19, 2009
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40,887
Diversifying from their current source of income makes business sense. Subscription cable television is likely to decline over time. It is what Naspers did many years ago. It paid off royally for them.
 
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