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Nairaland Forum / Nairaland / General / Business / Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer (16305 Views)
French Firm, Canal+ Group, Offers To Buy Multichoice For $1.69bn / BUA Group, French Firm Seal Deal For 200,000bpd Refinery / Nigerian Stock Exchange To List FGN N10.69bn Green Bond (2) (3) (4)
Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by nairalandkachy1: 11:05am On Feb 06 |
South Africa's MultiChoice Group (MCGJ.J) on Monday said it will not continue talks with Vivendi's (VIV.PA), Canal Plus after the board concluded that its offer significantly undervalues the company. https://www.reuters.com/markets/deals/s-africas-multichoice-ends-deal-talks-with-vivendis-canal-plus-2024-02-05/ 3 Likes
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Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by HeatSeeker(m): 11:09am On Feb 06 |
They should better sell! Streaming has eaten deeply into their market share, and they can no longer boast of dominance decisively. Sell it off so that running the business profitably is now the headache of the French. 38 Likes |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by santaclaws: 11:17am On Feb 06 |
HeatSeeker: Streaming? Well, DSTV doesn't need your internet connection to function and streaming services are majorly for movies and series (unless you want to pay on multiple streaming platforms to watch sports like DAZN), DSTV offers much more than that. There's a wide market for both media services to co-exist, so I wouldn't say that. Netflix cannot show live football matches, so what are you talking about? Bottom line is that $1.6B is a grossly undervalued sum for Multichoice as an African multinational media company, the largest of its kind. 66 Likes 10 Shares |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by updatechange(m): 11:24am On Feb 06 |
Lol… canal plus dem kala😃 2 Likes 1 Share |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by SoNature(m): 11:24am On Feb 06 |
Multi Choice made over N277 billion last year in Nigeria alone. Then, imagine how much they make across the countries they operate in Africa. There's no way the management of Multi Choice can sell such a business because it's a high-return investment. 41 Likes 4 Shares |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by verybadmouth(m): 11:25am On Feb 06 |
Who cares, last time I subscribed DSTV was 2022 Aug. MTN can't be taking my money and DSTV also, I ain't a robot 20 Likes 1 Share |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by Enemyofpeace: 11:25am On Feb 06 |
Mtcheeeeeeeeeeeeeeeeeeeeeeew I don survive DEC 25 and JAN 1, remain FEB 14.🤗😔😔 4 Likes 3 Shares |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by Dottore: 11:26am On Feb 06 |
O |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by GreaterFuture(m): 11:26am On Feb 06 |
Was it too small? |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by 1gbdata: 11:27am On Feb 06 |
They're fully conscious of what they're gaining, particularly in Nigeria. 3 Likes 1 Share |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by mytime24(f): 11:27am On Feb 06 |
They shld double their offer |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by Noniblaq(m): 11:28am On Feb 06 |
Do you know that with only 200k you can start a boutique business today. Quote me if interested |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by Fiscus105(m): 11:28am On Feb 06 |
When they know billions of naira they are taking steadily in Nigeria. |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by bestman09(m): 11:28am On Feb 06 |
It takes money to make money. I doff my hat to the proposed buyer and the seller. |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by free2ryhme: 11:31am On Feb 06 |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by aguluobi: 11:31am On Feb 06 |
The time will come they will be able to. Live boxing bouts are now being streamed, it's only a matter of time before football is brought on board. santaclaws: 4 Likes 3 Shares |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by SouthSouth1914: 11:31am On Feb 06 |
If I were them, I would sell pocket 70% in cash and 30 in shares. Multichoice are not dominant in the market again since the inception of Netflix et ‘al. They should not rue their chances in the future for not taking this. We all know what happened to Yahoo, and other companies on the past who regretted their chances! 7 Likes |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by free2ryhme: 11:31am On Feb 06 |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by HeatSeeker(m): 11:32am On Feb 06 |
santaclaws: You are very wrong on this one. Football matches and all other forms of entertainment and media services can be streamed without any hassles. Streaming is not only about netflix 11 Likes |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by meum: 11:34am On Feb 06 |
Is that Multichoice’s worth or were they joking? Even some app powered startups claim to be worth more than that😁 2 Likes |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by kayswag100(m): 11:34am On Feb 06 |
verybadmouth: I feel you! Only issue is that when I stream football, I'm always about 1 minute + away from live action. For those that dont mind, mtn is an alternative For me, when on live football, I do a live text commentary in a group im in. Sadly, DSTV wins it for me. Movies are all crap sha (anaconda, transformers, batman, and all thise old movies on repeat!) 2 Likes 1 Share |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by santaclaws: 11:35am On Feb 06 |
HeatSeeker: If it's sports, streaming platforms for sports like DAZN etc, aren't free, that's apart from the cost of internet connection... You can't rely on streaming to watch the entire Premiership by paying per match, it's gonna cost much more. For now, in Africa, DSTV really has no competition. Most of the digital satellite TV platforms that tried to copy their modus operandi have failed largely, e.g. TSTV etc. Even in the US, there's a difference between cable and streaming, they're really not the same bro. 3 Likes |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by SirLakes: 11:35am On Feb 06 |
Sey people still dey subscribe where internet streaming dey Maybe offices sha 1 Like
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Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by daylae(m): 11:35am On Feb 06 |
santaclaws:When you talk about football matches, we have various streaming apps and links, not necessarily Netflix. 3 Likes |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by Kingrshd3: 11:36am On Feb 06 |
K |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by cheesmooth(m): 11:36am On Feb 06 |
Seven step freezer for sale Location: olodi apapa Lagos Price:90k (negotiable) Check my signature for more details |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by inoki247: 11:40am On Feb 06 |
Canal no bad na dem full all doz Francophone country.... Dem wan enter English speaking country be that.... 2 Likes |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by verybadmouth(m): 11:41am On Feb 06 |
kayswag100:When I'm watching my live matches, I turn off all notifications, with that I'm good to go 1 Like |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by Nahunger(m): 11:41am On Feb 06 |
Nigeria must be a cashCOW THEY DON'T WANT RO LOSE EVER. |
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