Canal+ makes MultiChoice an official R35 billion takeover offer.

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by BloombergVivendi SE's Canal+ made an all-cash formal offer for the MultiChoice Group, valuing the South African pay-TV operator's shares at $2.9 billion (R35 billion) as the French firm moves ahead with its plans to boost its presence on the continent.Canal+ will offer to buy shares at 125 rand apiece, MultiChoice and Canal+ announced in a filing on Monday. The bid will now be considered
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