Archive · 23 Jul 2025
Canal+ Takes Over MultiChoice Group After South African Approval
Imagine a big TV and movie company in Africa called MultiChoice.
Another company called Canal+ wants to buy MultiChoice.
The government in South Africa has said okay to the deal, but Canal+ has to promise some things.
They must keep funding local shows and give chances to local creators.
Canal+ is going to pay a lot of money for MultiChoice, and they hope to make the company even bigger and better.
The two companies hope this will make better entertainment for Africa.
Canal+’s takeover of MultiChoice Group in Africa receives South African Competition Tribunal approval.
The deal is contingent on maintaining local funding and opportunities for local creators.
Canal+ will pay 35 billion rand ($2B) to acquire MultiChoice, valuing the company at approximately 55 billion rand.
Completion of the transaction is planned for October 8.
The combined group aims to create a leading media and entertainment company in Africa.
- Who
- Canal+ (buyer) and MultiChoice Group (target).
- What
- Canal+’s acquisition of MultiChoice Group in Africa.
- When
- Approval announced with a planned completion date of October 8.
- Where
- South Africa, focusing on the African market.
- Why
- To create a leading media and entertainment company in Africa, with benefits for consumers, creators, and the local economy.
- Buyer
- Canal+
- Target
- MultiChoice Group
- Deal Value
- 35 billion rand ($2B)
- MultiChoice Valuation
- Approximately 55 billion rand
- Completion Date (Planned)
- October 8
- Approval
- South African Competition Tribunal