Multichoice

MultiChoice Will Pay $37.3 Million to FIRS as Tax Settlement

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Multichoice rejects $2.5 billion Canal+ acquisition offer, says it was undervalued

MultiChoice Resolves Tax Dispute with FIRS, Agrees to $37.3 Million Settlement MultiChoice Group (MCGJ.J), the leading pay TV conglomerate in Africa, announced on Thursday the resolution of a tax dispute with Nigerian tax authorities, resulting in a settlement payment of approximately $37.3 million. In 2022, the Nigerian Federal Inland Revenue Service (FIRS) took action by … Read more

Multichoice Rejects $2.5 Billion Canal+ Acquisition Offer, Says It Was Undervalued

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Multichoice rejects $2.5 billion Canal+ acquisition offer, says it was undervalued

Multichoice Rejects Canal+’s $2.5 Billion Acquisition Bid, Citing Undervaluation Pan-African Pay-TV giant, Multichoice, recently declined a $2.5 billion acquisition proposal from French media firm Canal+, citing concerns of undervaluation. The decision was communicated to shareholders through a notice on Monday. Multichoice revealed that Canal+ currently holds a 35.01% stake in the company’s total ordinary shares. … Read more