business
Canal+ Completes Takeover of MultiChoice, Making It a Full Subsidiary
French media company Canal+ finalized its purchase of African pay-TV operator MultiChoice on July 10, 2026. The deal, first announced in 2023, values the target at roughly $3 billion and follows regulatory approvals in South Africa.
Jul 10, 4:49 AM·1m read1 source
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Canal+ completed its acquisition of MultiChoice Group on July 10, 2026, turning the African pay television company into a full subsidiary of the French media firm. AllAfrica reported that the transaction originated in 2023 when Canal+, already MultiChoice's largest shareholder, announced its intention to buy the remaining shares.
In 2024 Canal+ submitted a mandatory offer that valued MultiChoice at about R55 billion, or approximately $3 billion.
The deal required clearance from South Africa's competition and broadcasting regulators. MultiChoice restructured parts of its South African broadcasting business to satisfy foreign-ownership rules before the transaction closed. David Mignot, Chief Executive Officer of Canal+ Africa and MultiChoice, issued a statement on Thursday confirming the outcome.
"MultiChoice is now a full subsidiary of a truly international media group operating in 70 countries," Mignot said. " MultiChoice runs DStv and GOtv platforms across more than 50 African markets, delivering sports, movies, entertainment and news programming.
Canal+ said the integration will provide MultiChoice with additional financial resources, international expertise and a wider distribution network while preserving its focus on African audiences and locally produced content.
