French media company Canal+ has officially completed its takeover of MultiChoice, making the South African pay television company a fully owned subsidiary. The deal marks one of the biggest media acquisitions in Africa and is expected to reshape the continent’s entertainment industry.
The announcement was made by Canal+ on Thursday, confirming that MultiChoice has now joined its global media network. The company believes the move will help expand its reach, improve its services, and compete more effectively in the fast-growing streaming and broadcasting market.
David Mignot, Chief Executive Officer of Canal+ Africa and MultiChoice, described the acquisition as the beginning of a new chapter for the company. He said MultiChoice is now part of an international media group that operates in 70 countries around the world.
According to him, Canal+ has its roots in France and is listed on both the London and Johannesburg stock exchanges. The company also has a strong presence across Africa, with operations in more than 45 countries.
MultiChoice is one of Africa’s leading entertainment companies, serving millions of customers through its popular television platforms, DStv and GOtv. It also owns Showmax, one of the continent’s biggest streaming services.
Industry experts believe the acquisition will give MultiChoice access to greater financial support, modern technology, and a wider range of entertainment content. This is expected to strengthen the company as competition continues to increase from global streaming platforms.
Over the past few years, international companies such as Netflix, Amazon Prime Video, and Disney+ have expanded their services across Africa, attracting more viewers and increasing competition for traditional pay television providers.
Canal+ said the partnership will allow the combined company to invest more in local television productions, live sports coverage, and digital streaming services. These areas have become increasingly important as more people choose to watch content online instead of through traditional satellite television.
The company also said the deal reflects its long-term commitment to Africa and its confidence in the continent’s growing entertainment market despite current economic challenges affecting household spending.
For MultiChoice, becoming part of Canal+ provides access to international markets, stronger business resources, and global industry experience. Company officials believe these advantages will help the broadcaster continue growing while adapting to changing viewing habits.
Canal+ has been increasing its investment in MultiChoice over the past few years. The process began in 2024 when the French company gradually bought more shares in the broadcaster. After its ownership passed the required regulatory level, Canal+ made an official offer to purchase the remaining shares.
Following approvals from regulators and acceptance by shareholders, Canal+ gained control of MultiChoice in 2025. The final stage of the transaction has now been completed, making MultiChoice a fully owned part of the Canal+ Group.
The acquisition is regarded as one of the largest media deals involving an African company. Analysts say it reflects a growing global trend where major entertainment companies are joining forces to increase their size, improve content offerings, and compete more effectively in the rapidly expanding streaming industry.
With the takeover now complete, Canal+ and MultiChoice are expected to work together to deliver more entertainment choices, invest in African productions, and strengthen their position as one of the continent’s leading media and broadcasting groups.
