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Multichoice Rejects Canal+ Takeover Offer That Valued It At $2.5 Billion. - Sports - Nairaland

Nairaland Forum / Entertainment / Sports / Multichoice Rejects Canal+ Takeover Offer That Valued It At $2.5 Billion. (131 Views)

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Multichoice Rejects Canal+ Takeover Offer That Valued It At $2.5 Billion. by Papparassi: 10:44am On Feb 05
Multichoice rejects Canal+ takeover offer that valued it at $2.5 billion.

“After careful consideration, the Board has concluded that the proposed offer price of R105 in cash significantly undervalues the Group and its future prospects.

“While the Board is open to all means of maximising shareholder value, it
has conveyed to Canal+ that – at this proposed price – the letter does not provide a basis for further engagement”
Re: Multichoice Rejects Canal+ Takeover Offer That Valued It At $2.5 Billion. by Papparassi: 10:45am On Feb 05
Interesting

Re: Multichoice Rejects Canal+ Takeover Offer That Valued It At $2.5 Billion. by Enemiesmasquera: 10:48am On Feb 05
Good Multichoice worths more than that amount they are offering
Re: Multichoice Rejects Canal+ Takeover Offer That Valued It At $2.5 Billion. by Papparassi: 10:55am On Feb 05
Multi will sell for the right offer
Re: Multichoice Rejects Canal+ Takeover Offer That Valued It At $2.5 Billion. by immortalcrown(m): 10:59am On Feb 05
Okay.
Re: Multichoice Rejects Canal+ Takeover Offer That Valued It At $2.5 Billion. by Draslo(m): 10:59am On Feb 05
The fact that up until now Nigeria with all her legal and illegal Dollar billionaires cannot rival MultiChoice is one of our many national disgrace.
Re: Multichoice Rejects Canal+ Takeover Offer That Valued It At $2.5 Billion. by thesicilian: 11:04am On Feb 05
Papparassi:
Multichoice rejects Canal+ takeover offer that valued it at $2.5 billion.

“After careful consideration, the Board has concluded that the proposed offer price of R105 in cash significantly undervalues the Group and its future prospects.

“While the Board is open to all means of maximising shareholder value, it
has conveyed to Canal+ that – at this proposed price – the letter does not provide a basis for further engagement”
Lol
They're not serious
What future prospects does prepaid cable tv have in this internet age?
They better take the offer now before they end up like Kodak cameras and Blockbuster Video cassette rentals

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