Particle.news

Download on the App Store

Canal+ Wins Tribunal Approval to Acquire Africa’s Pay-TV Leader MultiChoice

Tribunal approval clears the way for the October 8 closing under a robust public interest package.

The deal will see the creation of the leader in pay TV offerings in Africa

Overview

  • The South African Competition Tribunal approved Canal+’s acquisition of MultiChoice subject to conditions that require ongoing investment in local entertainment and sports programming.
  • Canal+ will pay 35 billion rand to acquire the remaining shares in MultiChoice, valuing the company at approximately 55 billion rand.
  • The approved public interest commitments include guaranteed participation by historically disadvantaged persons and South African small, micro and medium enterprises.
  • To comply with local ownership regulations, Canal+ and MultiChoice will restructure the South African broadcasting license into an independent entity majority-owned by historically disadvantaged South Africans.
  • The companies released a joint statement on the Johannesburg Stock Exchange confirming that the transaction remains on track to complete on October 8, 2025.