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Canal+ Secures Approval for MultiChoice Acquisition in South Africa

7/24/2025

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Summary

Story summary

Canal+ has gained approval from South Africa's competition tribunal to acquire MultiChoice Group, the continent's largest pay-TV provider.
The acquisition includes a cash offer of ZAR 125 ($7.11) per share for outstanding shares.
The deal requires commitments to boost participation from historically disadvantaged individuals and local businesses in the audiovisual industry.
The transaction aims to enhance local programming and adhere to ownership regulations.
Completion is anticipated before the extended deadline of October 8.

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Story summary

Canal+ has gained approval from South Africa's competition tribunal to acquire MultiChoice Group, the continent's largest pay-TV provider.
The acquisition includes a cash offer of ZAR 125 ($7.11) per share for outstanding shares.
The deal requires commitments to boost participation from historically disadvantaged individuals and local businesses in the audiovisual industry.
The transaction aims to enhance local programming and adhere to ownership regulations.
Completion is anticipated before the extended deadline of October 8.