Page 7 - Multichoice Group News Today

Africas biggest pay TV company MultiChoice Group said on Thursday its subsidiaries have reached a settlement with Nigerian tax authorities and agreed to pay a total tax amount of about $37.3... -February 08, 2024 at 12:45 am EST - MarketScreener

Multichoice is the owner of the satellite television, DSTV, a popular subscription-based platform in Nigeria.

    MultiChoice group said its subsidiaries have reached a settlement with Nigerian tax authorities and agreed to pay a total tax amount of about $37.3 million.   The group in a statement obtained by Reuters on Thursday said the total tax amount of 35.4 billion naira to be paid by MultiChoice Nigeria and MultiChoice Africa Holdings will be offset against the security deposits and good faith payments made to date.  

MultiChoice Group announced that its Nigerian subsidiary has agreed to pay about $37.3m as part of a tax settlement arrangement

In tax dispute settlement.

(AFRICAN EXAMINER) - Pan-African Television broadcaster MultiChoice Group has disclosed that its subsidiaries have reached a settlement with Nigerian tax authorities and have agreed to pay a total tax of about $37.3 million. According to a report by Reuters, the broadcaster said, “The total tax amount of $35.4 billion which MultiChoice Nigeria and MultiChoice Africa

After years of dispute, MultiChoice Group (MCGJ.J), Africa’s largest pay TV conglomerate and the Nigeria's Federal Inland Revenue Service (FIRS) have settled

Canal+ is planning to acquire all the remaining shares at MultiChoice. The French company holds a 31% stake in MultiChoice. Canal+ plans to make the acquisition at 105 rand in cash per share, which is around 40% premium.

After MultiChoice ended potential buyout talks with its top shareholder Canal Plus on February 5.

A French company, Canal+, has offered to acquire South African pay-TV giant MultiChoice for around R31.7bn ($1.7bn).