South Africa's competition watchdog greenlights Canal+ takeover of MultiChoice with conditions
JOHANNESBURG, May 21 (Reuters) - South Africa's Competition Commission on Wednesday recommended that the Competition Tribunal approve France's Canal+ offer to buy shares it does not own in pay TV broadcaster MultiChoice (MCGJ.J), opens new tab with conditions.
Canal+, part of French media group Vivendi (VIV.PA), opens new tab, last year made a firm offer of 125 rand in cash per MultiChoice share, or about 35 billion rand ($1.96 billion), which valued the company at about 55 billion rand.
($1 = 17.8759 rand)
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