Canal+ might be eyeing MultiChoice - and analysts think a tie-up makes sense

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Canal+ has not wasted any time to increase its stake in Multichoice.
Photo: Gallo Images
Canal+ has not wasted any time to increase its stake in Multichoice. Photo: Gallo Images

This week, French media group Groupe Canal+ hiked its stake in MultiChoice to above 15% - fuelling more speculation that the European group is cosying up to the Africa pay-television giant.

Canal+ started building its stake more than a year ago, with an initial shareholding of around 6.5%.

Since its establishment in 1994, DStv owner MultiChoice grew its client base to more about 19.5 million subscribers across 50 countries. However the arrival of Netflix and other streaming platforms presents stiff competition.

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