Naspers turns down Vivendi's bid for MultiChoice Africa – report

News Video Africa 22 MRT 2018
Naspers turns down Vivendi's bid for MultiChoice Africa – report

Media and internet group Naspers rejected an offer made by Vivendi to acquire part of African pay-TV service provider MultiChoice (excluding the South African operations), based on information gathered by BFM Business. Naspers reportedly received several bids, including one from Vivendi amounting to nearly USD 1 billion. Put on the table a few months ago, Vivendi’s offer was turned down and it is now unclear whether Naspers is still interested in finding a potential buyer for the subsidiary. 

MultiChoice Africa offers pay-TV services in many English-speaking African countries and counts 5.6 million subscribers across Ghana, Kenya, Malawi, Mozambique, Namibia, Nigeria, Rwanda, Burundi, Uganda and Zambia. Rumours of a sale first emerged last year, after the profitability of the business turned negative as a result of heavier investments. Both Naspers and Vivendi have declined to comment on the story. 

Categories:

Video

Companies:

MultiChoice,  Naspers,  Vivendi

Regions:

Africa

Tags:

Broadcast, Consumer, Corporate strategy, M&A buyouts & divestments

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