French media giant Canal+ has put R31.7 billion ($1.6 billion) offer on the table to acquire MultiChoice, Africa’s leading entertainment company. It’s interesting to see what’s going to happen because French company already owns 31.7% of MultiChoice. Canal+ is optimistic, stating that a partnership with MultiChoice would pave the way for success and provide MultiChoice...
Day: <span>2 February 2024</span>
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MTN South Africa part-ways with its corporate affairs officer
MTN South Africa has parted ways with Jacqui O’Sullivan, chief sustainability and corporate affairs officer. The mobile operator’s CEO Charles Molapisi shared the memo with staff that O’Sullivan has resigned from the company. “After six years with MTN SA, our Chief Sustainability and Corporate Affairs Officer, Jacqui O’Sullivan, has made the decision to leave MTN...
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MultiChoice and Comcast’s NBCUniversal to invest $177 million in Showmax
South African pay TV company MultiChoice Group and U.S. media conglomerate Comcast’s NBCUniversal Media will invest about $177 million in Showmax’s video streaming platform during its current financial year, they said on Thursday. Last year Africa’s biggest pay TV entered a partnership with Comcast’s NBCUniversal and Sky to revamp MultiChoice’s existing Showmax streaming service, which is being built...
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Lewis Hamilton exit Mercedes and joins team Ferrari
Seven-times world champion Lewis Hamilton, Formula One’s most successful driver of all time, will race for Ferrari from 2025 after activating a release option in the Mercedes contract he signed in August. The bombshell news, confirmed first by Mercedes and then in a one-line statement from Ferrari, came after a day of mounting speculation with...