Vivendi : Public offering on the remainder of Multichoice's capital?
>Possible offer from Groupe Canal+ on the remainder of Multichoice's capital? - According to a number of different press sources, Groupe Canal+ is poised to make an offer on the remainder of the capital in the African TV operator Multichoice based on a price of 105 RAND / per share in cash (i.e. a premium of 40%). The offer would close on 30 January. Groupe Canal+ has reportedly filed a letter of intent with the board of directors at the target. Note that: 1/ Groupe C...Vivendi is an audiovisual group active in the entertainment industry with activities in music, TV, cinema, mobile, fixed and internet, and games. Co.'s operations are divided into five businesses: Canal+ Group which produces and distributes pay-TV in France, analog or digital, and is involved in film making; Universal Music Group which sells recorded music (physical and digital media); GVT which serves as a telecommunication operator for fixed ultra high-speed broadband, fixed-line telecommunications and Pay-TV in Brazil; SFR which is engaged in mobile phone services in France, as well as fixed and ADSL services; and Other Activities which involves ticketing, Wengo and Watchever.
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