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Nairaland Forum / Nairaland / General / Business / Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer (15990 Views)
French Firm, Canal+ Group, Offers To Buy Multichoice For $1.69bn / BUA Group, French Firm Seal Deal For 200,000bpd Refinery / Nigerian Stock Exchange To List FGN N10.69bn Green Bond (2) (3) (4)
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by SoNature(m): 2:53pm On Feb 06 |
ShoeGetSize: If they have a net income of over 100 billion per annum, it's still profitable and not worth selling. You should also consider that Multi Choice operates in several other African countries and that the French company wanted to acquire everything, not just Multi Choice Nigeria. 1 Like |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by smugmanuel(m): 2:54pm On Feb 06 |
santaclaws: IPTV will show you everything. All the live matches in the world. So you are wrong. 1 Like |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by dbestcno(m): 3:01pm On Feb 06 |
santaclaws: Are you aware of hacked Netflix and Disney+ apps where you can watch movies free? The thing is that only few channels are still valuable in dstv. Soon they will fade 2 Likes |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by fashrola(m): 3:15pm On Feb 06 |
OvertheTop: Streaming is cost effective if you have an unlimited internet services such as Starlink, fiber optics services which provides unlimited data access. If you are a very busy person, Sim data subscription is more better, cos I don’t think you can spend 6hrs watching TV in a day rather DSTV sub is running without being in use. 2 Likes 1 Share |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by Panda7(m): 3:18pm On Feb 06 |
you can take the money and start building something new from the scratch except you have bigger annual revenue and asset value. 1 Like |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by ExudeLoveToAll: 3:18pm On Feb 06 |
SoNature: They are selling the remaining shares they ain't holding, what exact percentage of share is worth this offer on the table? |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by ben1daEbiri(m): 3:20pm On Feb 06 |
FireUpNow: Keep playing. With a data of 5k+ per month and 3900 for showmax I'm assured to watch Arsenal matches for an entire month. There are so many of us that stream matches on match days. Before hesgoal was closed down they drove loads of traffic on matchdays. 2 Likes |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by ShoeGetSize: 3:20pm On Feb 06 |
They don't operate in North Africa because their coverage is limited to Sub Saharan Africa. Secondly, Nigeria is their largest market but they only make 100 Billion Naira in Nigeria which at the current official exchange rate is roughly about $75 million, a very poor return on investment for a country with a population of 200 million plus. If you look at Sky which is also a subscription based satelite tv service just like multichoice, they made about 1.4 billion pound sterling profits from the United Kingdom alone in one year. The United Kingdom has a population of just 66 million. Multichoice is fighting a losing battle if they think they are worth more than what is being offered to them. SoNature: 2 Likes 2 Shares |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by ben1daEbiri(m): 3:27pm On Feb 06 |
I think Canal is offering on their projection to be able to make profit too. The thing is, I don't see DSTV turning around their fortune soon especially with the falling naira. They'll spend more of their revenue paying for football rights alone. They also have to pay for salary, operating cost, tax, egunje and the rest. It's not easy doing business in Nigeria, you'll pay through your nose. No wonder They now call people on the phone begging them to subscribe. 2 Likes 1 Share |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by OvertheTop(m): 3:39pm On Feb 06 |
fashrola: DSTV sub in a Month is Like 10k/month or less. I'm sure with the Internet Service Providers above, you might spend More than 10k Data Subscription ok, Kindly share your monthly subscription cost for each one Kindly Note, I'm Not in support of DSTV.... I'm also looking for a viable Alternative. |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by FireUpNow(m): 4:36pm On Feb 06 |
ben1daEbiri: Ok ooo. Enjoy your streaming if that favours you and your crew |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by alfredilly: 4:54pm On Feb 06 |
HeatSeeker: The relationship between multichoice and the Anglophone channels including the English premier league broadcaster is what Canal plus covet. I've said it earlier few weeks ago when the AFCON broadcasting right raised some dust as the transmission was declared an exclussive assess of Francophone countries. A broadcasting TV station in Africa with some link in Paris took the right and restricted it to French speaking countries. My response to this strange development was that the whole scenario has a surreptitious hand of French Foreign Direct investment (FDI) project. Recent statistics reveals France as one of the leading countries in FDI, the acquisition of foreign company through investment. That is what we are witnessing fully blown here. The concern for us Anglophone countries is that France nationalism is always at the forefront of their business. The British on the other hands have become too liberal, less nationalistic and careless in recent years. Multichoice has become the window through which Anglophone countries see the rest of the world as it house major broadcasting channels like BBC, CNN, Fox and others. With this acquisition, the company objective could be gradually tilted toward a French objective. On football, Anglophone countries may gradually lose access to English premier league which is a popular choice as Canal prioritize Lique 1 over other football. 2 Likes |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by Obviouslyblunt: 5:34pm On Feb 06 |
santaclaws:you do know you can stream any football match you want? 1 Like |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by Tywo2018: 6:59pm On Feb 06 |
What are you saying, am very sure dont know,who told u dstv is far better. Do your findingswell beforewriting anythinghere ok. santaclaws: |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by kayswag100(m): 11:29pm On Feb 06 |
Frezhkid10: Oga, I'm on Premium. I can tell you for free that the movies are crap. They are overly repeated. Run all night Suicide squad Matrix Lethal weapon Mad max |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by Royruky(m): 11:59pm On Feb 06 |
[quote author=SoNature post=128313869]Multi Choice made over N277 billion last year in Nigeria alone. Then, imagine how much they make across the countries they operate in Africa. There's no way the management of Multi Choice can sell such a business because it's a high-return investment. [/quote Take note that Canal+ already had 35% percent stake in multi choice. What they are buying is 65% of the company. |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by Besuccesful: 12:00am On Feb 07 |
Free to air decoder are gaining ground now. I am also planning to install one in my apartment since dstv started increasing subscription like what I don't even know. Many people will boycott dstv in future if they see another alternative. |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by Offpoint1: 6:13am On Feb 07 |
santaclaws:I do all the listed for free on my phone... Just get the right app. |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by Oparasunny125(m): 1:45pm On Feb 07 |
santaclaws: You are very wrong, I have two apps on my phone now that I am using to stream football, all competitions including this current AFCON. |
Re: Multichoice Rejects French Firm, Canal Plus' $1.69bn Offer by fashrola(m): 9:13am On Feb 08 |
OvertheTop: 10k subscription will not give you premium channels, 29500 per month gives you premium channels. That’s why I said Unlimited plans like Starlink and local broadband is more better. But if you are a very busy person and a bachelor, Data sub is better and you watch only when you want to watch an important TV programme. 1 Like |
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