CNBC AFRICA - INTERVIEW DE MAXIME SAADA

As expected, Canal Plus today made a mandatory offer to buy the outstanding shares in MultiChoice it doesn't already own. It was required to do so by South Africa takeover authorities after it passed the 35 per cent ownership threshold in MultiChoice earlier this year. The mandatory offer has come in at the speculated price of R125 per share. This is than the initial pitch off R105 per share, which the MultiChoice board had rejected saying it undervalued the firm. The new price is also 66.6 per cent higher than the closing price of R75 a share on February 1st, before the deal action began. CNBC Africa is joined by Maxime Saada, Chairman & CEO of Canal Plus.

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