Technology Mirror
Behold South African Billionaire Patrice Motsepe Bidding for Purchase of MultiChoice Group

Behold South African Billionaire Patrice Motsepe Bidding for Purchase of MultiChoice Group

Multiple reports suggest South African billionaire Patrice Motsepe is in talks with Vivendi SE’s Canal+ to join its multibillion-dollar bid for South Africa’s leading pay-TV provider MultiChoice Group, according to people familiar with the matter.

Canal+ is expected to make a formal offer for MultiChoice at 125 rand a share, valuing the company at about $2.9 billion, before April 8 for consideration by the MultiChoice board’s independent members.

Patrice Motsepe’s possible involvement in the bid could assist Canal+ in meeting these ownership requirements. With an estimated net worth of $2.5 billion in 2024, Motsepe brings substantial financial backing and strategic insight to the table.

However, spokespersons for Canal+ and Motsepe’s investment firm, African Rainbow Capital, declined to provide comments. Insiders stressed that discussions are in preliminary stages, and there’s no assurance that a deal will be finalized.

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