Archive · 22 Sep 2025
Canal+ Acquires MultiChoice, Pledges Investment in African Content
Canal+, a big media company, is buying MultiChoice, another media company.
This deal is worth $2 billion.
They will combine to become a huge entertainment company reaching millions of people.
Canal+ promises to spend more money on shows made in Africa, like 'Shaka iLembe' and 'Spinners'.
This means more stories and jobs for people in Africa.
The companies will not be starting any news channels, only entertainment and sports.
The deal also involves changes in leadership, with new people in charge.
The new group will also be listed on the South African stock exchange.
Canal+ acquired MultiChoice for $2 billion, creating a global media company.
The acquisition is expected to close on October 7.
Maxime Saada will lead the board, with David Mignot becoming CEO of MultiChoice.
The new group will focus on increasing investment in local African content like 'Shaka iLembe'.
The group will list on the South African stock exchange.
- Who
- Canal+ (led by Maxime Saada) acquired MultiChoice.
- What
- Canal+ acquired MultiChoice, with plans to invest in African content.
- When
- The acquisition is set to complete on October 7.
- Where
- The new group will operate in Europe, Africa, and Asia, headquartered in Johannesburg.
- Why
- To create a global media and entertainment company and increase investment in local content.
- Acquisition Value
- $2 Billion
- Companies Involved
- Canal+ and MultiChoice
- Combined Subscriber Base
- 40+ million
- Countries Served
- 70 (Europe, Africa, Asia)
- Closing Date
- October 7
- New CEO of MultiChoice
- David Mignot
- Focus
- Local African Content