From around 6% in 2020, Canal+ has been steadily building up its stake, having said in September the group's stake had risen to 26.26%.Canal+ is owned by Vivendi, which is also the owner of one of the recording giant Universal Music Group, as well as the advertising giant Havas.", but the sharp increase in its shareholding has fuelled renewed speculation that it may have more ambitious plans for the firm.Like MultiChoice, the Paris-headquartered Canal+ has a large footprint in Africa.
MultiChoice had 21 million subscribers at the end of September, 12.19 million of which were in Africa. Shares in MultiChoice, which is valued at R57.68 billion on the JSE, were down 1.05% to R128.97 in afternoon trade on Friday, having risen just over 3% on a one-year basis.We live in a world where facts and fiction get blurred
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