Canal+, the international pay-TV company behind Paddington, is set to debut on the London Stock Exchange, potentially valuing it around £6 billion, providing a boost to the UK's capital markets.
This flotation highlights the shifting landscape in the media industry as companies like Vivendi seek to maximize shareholder value by spinning off smaller units, steering towards the burgeoning streaming market.
Canal+ aims to leverage its London listing to foster a European streaming powerhouse to rival giants like Netflix, a move indicative of its significant global ambitions.
With a vast subscriber base internationally, Canal+ is strategically pushing towards an acquisition in Africa, looking to further expand its reach and compete with local services.
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