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| Version 2 | Version 3 |
|---|---|
| Africa Live: Schools closed in Cape Town as heavy storms wreak havoc - BBC News | Africa Live: Schools closed in Cape Town as heavy storms wreak havoc - BBC News |
| (about 1 hour later) | |
| French media company Canal+ has made an offer of $2.9bn (£2.2bn) to fully acquire South African broadcasting company MultiChoice. | |
| It is a more attractive price compared to the $1.7bn bid that it presented MultiChoice in February, which MultiChoice's board rejected as undervaluing the company. | |
| MultiChoice is Africa's largest provider of subscription TV services, which include DSTv and streaming service Showmax. | |
| Canal+ already owns 35% of MultiChoice and is the majority shareholder in the South African company. | |
| The intended acquisition of MultiChoice is part of Canal+'s strategy to expand its presence on the continent beyond West African and French-speaking countries. | |
| Canal+ operates in 25 African countries and is the leading operator for pay TV services in French-speaking African countries. | |
| MultiChoice's profits have declined in recent years, amid growing competition from streaming services. | |
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