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.