US EditionCanal+’s Takeover Of African Giant MultiChoice Group Gets Approval
SOUTH AFRICA, JUL 23 – Canal+ will invest 26 billion rand over three years and maintain local content funding while expanding its reach to over 22 million African subscribers, the tribunal said.
- South Africa's Competition Tribunal approved Canal+ Group's planned takeover of MultiChoice Group, aiming to complete the transaction by October 8, 2025.
- This approval follows Canal+'s offer in March 2024 after an earlier rejected bid and requires navigating local ownership laws under the Electronic Communications Act.
- The deal, valued at about 55 billion rand, includes a structural separation of MultiChoice's South African broadcasting licensee into an independent HDP-majority-owned entity.
- Canal+ CEO Maxime Saada referred to the approval as the final step in establishing a leading media entity for Africa, while MultiChoice’s CEO Calvo Mawela highlighted the achievement as a key milestone that aligns with their long-term strategic goals and dedication to supporting local communities.
- The transaction promises public interest commitments including investment in local content and support for historically disadvantaged persons, aiming to enhance South African entertainment and economic participation.
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insidepolitic.co.za
insidepolitic.co.zaCanal+ gets conditional approval for MultiChoice takeover
The Competition Tribunal has approved Canal+'s R35bn takeover offer for TV broadcaster MultiChoice, subject to agreed conditions, the companies said on Wednesday.
·Johannesburg, South Africa
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Coverage Details
Total News Sources51
Leaning Left4Leaning Right1Center3Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 38%
13%
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