Canal PLus-NetHold deal sends ripples around Europe.
Multichannel News, September, 1996 by Mahoney, William
The impending sale of NetHold B.V. to Canal Plus set off a wave of reverberations across the European TV market last week, and the effects may soon be felt as far away as South Africa. Canal Plus announced on Sept. 6 that it was acquiring NetHold in a stock and cash deal worth nearly $2 billion, in which NetHold's owners wind up with stakes in Canal Plus.
Digesting the deal last week, some industry observers even raised the specter of conglomerate Compagnie Financiere Richemont using its new 15 percent stake in Canal Plus as a Trojan horse to eventually try to gain more control over the French pay TV giant. Richemont and South African investment company MIH each own 50 percent of NetHold. Richemont towers in size over Canal Plus, and it has used a...
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