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Canal Plus, actionnaire majoritaire de MultiChoice avec une participation de 31,67% a annoncé son intention d’acquérir toutes les actions qu’il ne détient pas encore dans MultiChoice Group, le géant sud-africain de la télévision par abonnement, pour environ 1,7 milliard de dollars. Cette offre vise à renforcer la position de Canal Plus sur le marché international concurrentiel de la télévision payante.

Canal Plus a indiqué qu’il proposerait probablement 105 rands par action en espèces, soit une prime de 40% par rapport au cours de clôture de MultiChoice mercredi. Bien que les actions de MultiChoice aient connu une forte hausse lors des échanges de jeudi, elles sont restées en deçà du prix proposé, s’élevant de 24,83% à 93 rands en fin de séance.

Canal Plus a précisé que son offre, évaluée à 31,7 milliards de rands selon les calculs de Reuters, était non contraignante et indicative. Cependant, la société prévoit de soumettre une lettre d’intention ferme au conseil d’administration de MultiChoice une fois que la vérification diligente aura été achevée.

MultiChoice, qui opère dans 50 pays en Afrique subsaharienne, a confirmé avoir reçu une lettre de la société française et promet d’informer les actionnaires de tout développement ultérieur.



JOHANNESBURG, South Africa, 1 February 2024 -/African Media Agency(AMA)/-  FBS analysts project a looming downturn for Bitcoin as the market players await the upcoming Federal Reserve’s key rate cut in 2024. This tendency signals the rising probability of the BTCUSD’s closing bullish trend, as rate hikes frequently influence risk assets such as Bitcoin.


The Federal Reserve’s key rate, a pivotal factor determining the minimum interest rate for interbank lending, plays a substantial role in shaping the financial landscape. Market participants have observed a correlation between the Federal Reserve’s key rate peaks and the decline of risk assets, including Bitcoin.

As FBS analysts review Bitcoin’s behavior from 2017 to 2020, they point out a remarkable 370% surge in early 2019 to 13,000 USD or the 61.8 Fibonacci level, following public anticipation of the rate cuts. However, the trend reversed as the rates started declining, leading to bearish BTCUSD.

The 2021-2024 scenario witnessed the Federal Reserve’s increasing interest rates to combat inflation. Despite initial expectations of such rate hikes dampening the demand for risk assets, Bitcoin’s value surprisingly increased. The market dynamics shifted following the Fed’s announcement of a pause in rate hikes in September 2023, with markets pricing in an upcoming rate decline.

Looking at the 2024 financial market trends, FBS analysts point out the striking similarities with Bitcoin’s 2017-2020 pattern. They mainly highlight that BTCUSD reached the 61.8 Fibonacci level at around 49,000 USD and subsequently bounced off, coinciding with market expectations of the potential rate cut by the Federal Reserve.

Considering substantial parallels with the past, FBS analysts anticipate a decline in Bitcoin’s price towards the 36,000 USD target after the first Fed rate cut in 2024. Moreover, if BTCUSD loses this support, it may drop to 31,000 USD and even 25,000 USD support levels.

This scenario underscores a crucial aspect often overlooked in market cycles. While there is anticipation that a key rate cut will positively impact prices of risky assets like Bitcoin, it is imperative to recognize the fundamental factor that such cuts typically occur in the face of economic stagnation and decelerating growth, prompting panic selling and the disposal of risky assets.

Disclaimer: This material does not constitute a call to trade, trading advice or recommendation and is intended for informational purposes only.

Distributed by African Media Agency (AMA) on behalf of FBS.

Hashtag: #FBS #Bitcoin #FederalReserve 

About FBS

FBS is a licensed global broker with over 14 years of experience and more than 90 international awards. FBS is steadily developing as one of the market’s most trusted brokers, with its traders numbering more than 27,000,000 and its partners exceeding 500,000 around the globe. The annual trading volume of FBS clients is over $8.9 trillion. FBS is also the Official Partner of Leicester City Football Club.

The post FBS Analysts Warn of Bitcoin Downturn Ahead appeared first on African Media Agency.

Source : African Media Agency (AMA)