Vivendi : Acquisition of 6.5% of Multichoice, Africa’s pay-TV leader – to what end?
>Vivendi positions itself on its pay-TV peer in Africa - Multichoice, a group listed in Johannesburg, announced yesterday that Vivendi had acquired a 6.5% stake in its capital. Groupe Canal+ indicated that this statement came after the threshold of 5% was passed. This means that the group could have owned a stake for several months that increased in recent days. The cash-out was not mentioned but is probably around € 140m. It is likely that Vivendi will continue to b...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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