French media company offers $2.9 billion to buy MultiChoice

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.

Credit: BBC