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Wednesday, 24 April 2024

Broadband TV News: About turn as MultiChoice chair steps down after all

Story from Broadband TV News:

MultiChoice has reversed an earlier plan for chairman Imtiaz Patel to remain in place while the proposed buyout by Canal+ is completed.

Under a plan first announced in September, Patel was to have initially handed over to his deputy Elias Masilela on April 1.

In a statement, the Randberg company said progress had been made in discussions between MultiChoice and Canal+ Group, with an announcement on an agreed takeover made on April 8.

Consequently, Masilela will now take over as chairman, while Patel stays on as an advisor.

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