MTN, South African telecommunications company, is said to be negotiating a deal that will see it acquire MultiChoice Africa.
Naspers Limited, parent company of MultiChoice Africa is the franchise owner of DStv and GOtv.
Although the plans have not been made public, the offer of MultiChoice Africa will not affect the South African division of the TV network.
“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”.
Both companies confirmed on Thursday that they are still in talks about sharing TV content, video-on-demand services, on smartphones.
MultiChoice Africa, founded in 1996, offers entertainment services for subscribers in over 49 countries.