Audio By Carbonatix
French broadcast company Canal+ has made an offer to purchase South Africa's MultiChoice, Africa's largest provider of subscription TV services, which include DStv.
Canal+ is already a majority shareholder in MultiChoice and has a 30% stake.
The company is proposing to buy the remaining shares for 31.7 billion rand ($1.6bn, £1.3bn).
Canal+ currently has more than seven million subscribers across 25 African countries and is the leading TV operator in French-speaking Africa.
MultiChoice has been struggling in recent years, with its main product, DStv, losing thousands of subscribers, amid increased competition from streaming services.
Canal+ has said that its acquisition of the South African company promises to turn around its fortunes by creating "a group with significant scale, putting MultiChoice on a secure long-term path and enabling the company to thrive".
However, it added that the progression of the purchase is still uncertain "at this stage".
Latest Stories
-
Railway workers resist KMA eviction order, demand consultation
53 seconds -
Legacy Leadership Africa Institute to host boardroom women’s leadership programme
13 minutes -
Ghana needs a law to sustain constitutional reforms – CDD-Ghana
3 hours -
COVID fumigation audit: Auditor-General has a lot of questions to answer – Akwatia MP
3 hours -
Stranded Ghanaian medical graduates in Cuba appeal to Mahama for immediate return
4 hours -
GNFS contains fire outbreak at Teshie Lekma Road near Lekma Hospital
10 hours -
Samia Nkrumah rejects the narrative that Ghanaians were happy after Nkrumah’s overthrow
11 hours -
A Mother’s pain: Tribute by Ivan Baidoo’s mother
11 hours -
‘Forgive us for staying away’ — Samia Nkrumah leads family back to Nkroful, pledges to preserve Nkrumah’s legacy
11 hours -
Ernest Nuamah scores twice as Lyon beat Rennes
11 hours -
‘My dear Ivan’ – A father’s tribute to a son tragically killed
12 hours -
GNPC Explorco advances Voltaian Basin drilling preparations with 13.5km access road
12 hours -
Cabinet approves facility manager for Borteyman Sports Complex – Kofi Adams
12 hours -
Sanitation is improving; critics may be ‘living in another world’ – Salaga South MP replies Bekwai MP
13 hours -
Government must do more to tackle sanitation crisis – Bekwai MP
13 hours