Home Entertainment Patrice Motsepe in Talks to Join Vivendi’s Bid for MultiChoice Group
EntertainmentNews

Patrice Motsepe in Talks to Join Vivendi’s Bid for MultiChoice Group

612

South African billionaire Patrice Motsepe is reportedly in discussions with Vivendi SE’s Canal+ to participate in its bid for MultiChoice Group, valued at $2.9 billion. Motsepe’s potential involvement aims to assist Vivendi in meeting South Africa’s Black ownership regulations while tapping into his business acumen and network.

This aligns with South Africa’s push for economic transformation and empowerment of historically disadvantaged groups. The move reflects a broader trend of collaboration between international corporations and local stakeholders to navigate regulatory complexities.

MultiChoice Group, a leading player in African broadcasting, offers substantial growth opportunities. Canal+ aims to strengthen its position in the African media landscape while empowering Black entrepreneurs.

Vivendi’s bid underscores its ambition to expand in Africa’s growing media sector. Stakeholders are closely watching developments, anticipating the bid’s impact on South Africa’s media industry and broader economy.

Read: FAAN Shuts Down KFC at Lagos Airport Following Disability Discrimination Allegations

About The Author

Written by
Ikenna Churchill

Culture storyteller

Related Articles

Malian Army ISIS Dahdah
News

Malian Army Kills Foreign ISIS Leader, Abu Dahdah, in Ménaka Region Raid

The Malian armed forces, in collaboration with their partners, killed a senior...

Togolese Protesters Faure Gnassingbé
News

Togolese Youth Continue Protests Despite Government Ban, Demand End to Faure Gnassingbé’s Rule

The youth of Togo continue to protest against President Faure Gnassingbé’s prolonged...

News

Fast Fashion’s Dumping Ground: How West Africa Is Drowning in Second-Hand Clothing Waste

Every week, massive shipping containers filled with used clothing arrive at West...

Human RightsNews

Togolese Protesters Tear-Gassed in Their Homes as Uprising Demands President’s Resignation

Togolese youths have taken to the streets in a three-day demonstration, demanding...