Pan-African pay-TV operator Multichoice has officially turned down a $2.5 billion acquisition offer from French media company Canal+. The decision was communicated to shareholders through a notice on Monday, citing undervaluation of the company as the primary reason for rejecting the proposal. According to the notice, Canal+ currently holds 35.01% of Multichoice’s total ordinary shares. … Continue reading Multichoice Rejects $2.5 Billion Acquisition Offer from Canal+