French media behemoth, Canal+ Group has acquired 100% ownership of MultiChoice Group, the parent company of DStv and GOtv, in a landmark $3 billion transaction. The deal is expected to be fully completed by October 8, 2025.
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Canal+ already held a significant stake in MultiChoice but has now purchased the remaining 55%, securing full control.
With the acquisition, Canal+ now has access to 14.5 million subscribers across 50 African countries, alongside its own 8 million subscribers in 25 African countries.
Canal+ is a French premium television channel and a subsidiary of the global conglomerate Vivendi SE. The channel was launched in Paris and Issy-les-Moulineaux on November 4, 1984, and broadcasts to Metropolitan France.
Canal+ Chairman and CEO hailed the merger as a strategic milestone, merging two dominant entertainment brands to strengthen their hold in Africa’s pay-TV market.
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“We aim to build a unified media platform that blends Canal+’s French-language programming with MultiChoice’s English and Portuguese content, while boosting local production,” he added.
This consolidation positions Canal+ as a dominant force in the African media landscape, potentially reshaping content offerings, pricing models, and the competitive dynamics of the region’s pay-tv industry.
“We aim to build a unified media platform that blends Canal+’s French-language programming with MultiChoice’s English and Portuguese content, while boosting local production,” he emphasized.
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The company began increasing its stake in MultiChoice in 2020, gradually acquiring up to 45% through market purchases prior to the current final buyout. This strategic move significantly expands its influence across emerging media markets.
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As part of the acquisition, the company has pledged approximately $1.4 billion in investments over the next three years. These funds will support the strengthening of local content production, ensure that MultiChoice retains its headquarters in South Africa, safeguard existing jobs, and advance key transformation initiatives.
The deal includes major African media assets such as SuperSport, Africa Magic, M-Net, Showmax, and DStv Media Sales, positioning the company as a dominant force in the continent’s media and entertainment landscape.
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