Canal+ Has Secured Final Regulatory Approval to Acquire MultiChoice
Canal+ has secured final approval to acquire MultiChoice in a landmark media deal in Africa.
Canal+ Has Secured Final Regulatory Approval to Acquire MultiChoice
Canal+—a French media and telecommunications conglomerate—has finally clear a road to boost its expansion into English speaking countries in Africa. It long-running takeover of African content giant MultiChoice has moved a step closer with the approval from South Africa’s Competition Tribunal. In a joint statement issued on Wednesday, MultiChoice and Canal+ both confirmed that they are progressing as planned and expect to finalize the deal ahead of the deadline set for October 8, 2025. Once the acquisition is successful, it'll be the largest media mergers in Africa. The acquisition approval follows a mandatory cash offer by Canal+ to acquire all outstanding MultiChoice shares it doesn’t already own. Canal+ has been seeking to build out its business in Africa, in particular English-speaking markets, and has invested in several drama series as it built its stake in MultiChoice. Canal+ initiated the acquisition deal at the beginning of this year after surpassing the 35% ownership thresh…
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