French media powerhouse Canal+ has finalized a $3 billion takeover of South Africa’s MultiChoice, creating a global entertainment group with a footprint in nearly 70 countries. The deal, recently approved by South Africa’s competition authority, valued MultiChoice at $7.20 per share, making it Canal+’s largest acquisition to date. The move strategically unites Canal+’s strength in French-speaking Africa with MultiChoice’s dominance in English and Portuguese-speaking markets, home to beloved services like DStv and SuperSport. It expands the combined subscriber base to over 40 million and brings together a workforce of 17,000. While MultiChoice adjusts its financial year to match its new parent, subscribers can expect services and fees to remain unchanged.
IOL
