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Hamilton Spectator
28-05-2025
- Business
- Hamilton Spectator
Google, Competition Bureau battle over possible constitutional challenge in case
TORONTO - Canada's competition watchdog says it will fight a constitutional challenge from Google in a case alleging the tech giant abused its dominant position in the online advertising market. New filings made in the case say the Competition Bureau will ask the Competition Tribunal to strike Google's proposed motion to proceed with a constitutional challenge because the commissioner feels it is premature and without merit. Constitutional challenges question acts that could violate someone's rights or freedoms and often end up being precedent-setting. Google's challenge takes aim at the monetary penalty the bureau is asking the tech company pay, if it is found to have abused its dominant position in online advertising. The company says the penalty could wind up costing it billions, dwarfing the profits it generates in Canada and amounting to a total that is disproportionate to the allegations Google is facing. It argues the penalties would also breach the company's entitlements under the Canadian Charter of Rights and Freedoms, necessitating a constitutional challenge. This report by The Canadian Press was first published May 28, 2025.
Winnipeg Free Press
28-05-2025
- Business
- Winnipeg Free Press
Google, Competition Bureau battle over possible constitutional challenge in case
TORONTO – Canada's competition watchdog says it will fight a constitutional challenge from Google in a case alleging the tech giant abused its dominant position in the online advertising market. New filings made in the case say the Competition Bureau will ask the Competition Tribunal to strike Google's proposed motion to proceed with a constitutional challenge because the commissioner feels it is premature and without merit. Constitutional challenges question acts that could violate someone's rights or freedoms and often end up being precedent-setting. Google's challenge takes aim at the monetary penalty the bureau is asking the tech company pay, if it is found to have abused its dominant position in online advertising. The company says the penalty could wind up costing it billions, dwarfing the profits it generates in Canada and amounting to a total that is disproportionate to the allegations Google is facing. Monday Mornings The latest local business news and a lookahead to the coming week. It argues the penalties would also breach the company's entitlements under the Canadian Charter of Rights and Freedoms, necessitating a constitutional challenge. This report by The Canadian Press was first published May 28, 2025.
Eyewitness News
21-05-2025
- Business
- Eyewitness News
Canal+ buyout of SA's MultiChoice one step closer
JOHANNESBURG - South Africa's competition authority announced Wednesday it had approved the buyout of Africa's largest pay TV enterprise MultiChoice by France's Canal+, which wants to expand its footprint on the continent. The merger, which has been in the works for nearly a year, needs the final go-ahead from the commission's Competition Tribunal, it said in a statement. Canal+ holds around 45% of MultiChoice's shares and offered last year to acquire the remainder for R125 (6.16 euro) per share. Canal+ is present in 25 African countries through 16 subsidiaries and has eight million subscribers, according to the French group. MultiChoice operates in 50 countries across sub-Saharan Africa and has 19.3 million subscribers, it says. It includes Africa's premier sports broadcaster, SuperSport, and the DStv satellite television service. "This is a major step forward in our ambition to create a global media and entertainment company with Africa at its heart," Canal+ CEO Maxime Saada said in a statement. The commission said its approval of the merger was subject to public-interest conditions worth about 26 billion rand over three years, including increasing the shareholding of people disadvantaged under South Africa's white-minority apartheid regime. It will also maintain the MultiChoice headquarters in South Africa. A date for the Tribunal's decision on the merger has not been announced but Canal+ said it was aiming for the deal to be completed by early October.
eNCA
21-05-2025
- Business
- eNCA
Canal+ buyout of S.Africa's MultiChoice one step closer
South Africa's competition authority announced Wednesday it had approved the buyout of Africa's largest pay TV enterprise, MultiChoice by France's Canal+, which wants to expand its footprint on the continent. The merger, which has been in the works for nearly a year, needs the final go-ahead from the commission's Competition Tribunal, it said in a statement. Canal+ holds around 45 percent of MultiChoice's shares and offered last year to acquire the remainder for R125 (6.16 euro) per share. Canal+ is present in 25 African countries through 16 subsidiaries and has eight million subscribers, according to the French group. MultiChoice operates in 50 countries across sub-Saharan Africa and has 19.3 million subscribers, it says. It includes Africa's premier sports broadcaster, SuperSport, and the DStv satellite television service. "This is a major step forward in our ambition to create a global media and entertainment company with Africa at its heart," Canal+ CEO Maxime Saada said in a statement. The commission said its approval of the merger was subject to public-interest conditions worth about R26 billion over three years, including increasing the shareholding of people disadvantaged under South Africa's white-minority apartheid regime. It will also maintain the MultiChoice headquarters in South Africa. A date for the Tribunal's decision on the merger has not been announced but Canal+ said it was aiming for the deal to be completed by early October.
The South African
21-05-2025
- Business
- The South African
MultiChoice moves one step closer to being SOLD
South Africa's competition authority announced on Wednesday it had approved the buyout of Africa's largest pay TV enterprise MultiChoice by France's Canal+, which wants to expand its footprint on the continent. The merger, which has been in the works for nearly a year, needs the final go-ahead from the commission's Competition Tribunal, it said in a statement. Canal+ holds around 45 percent of MultiChoice's shares and offered last year to acquire the remainder for R125 per share. Canal+ is present in 25 African countries through 16 subsidiaries and has eight million subscribers, according to the French group. MultiChoice operates in 50 countries across sub-Saharan Africa and has 19.3 million subscribers, it says. It includes Africa's premier sports broadcaster, SuperSport, and the DStv satellite television service. 'This is a major step forward in our ambition to create a global media and entertainment company with Africa at its heart,' Canal+ CEO Maxime Saada said in a statement. The commission said its approval of the merger was subject to public-interest conditions worth about 26 billion rand over three years, including increasing the shareholding of people disadvantaged under South Africa's white-minority apartheid regime. It will also maintain the MultiChoice headquarters in South Africa. A date for the Tribunal's decision on the merger has not been announced, but Canal+ said it was aiming for the deal to be completed by early October. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news. By Garrin Lambley © Agence France-Presse
