MTN Moves To Acquire MultiChoice Africa

MultiChoice Africa is said to be having discussions with MTN, South African telecommunications company, regarding the sale of the company.

Naspers Limited, parent company of MultiChoice Africa is the franchise owner of DStv and GOtv.

The offer of MultiChoice Africa will not affect the South African division of the TV network although the plans have not been made public, according to report by Bloomberg.






“A sale is one of a number of options being considered by Africa’s biggest company by market value, and a final decision hasn’t been reached. Naspers and MTN Group have briefly discussed a deal for MultiChoice Africa, but no agreement was reached”, Bloomberg said in its report.

Both companies confirmed on Thursday that they are still in talks about sharing TV content, video-on-demand services, on smartphones.