Canal+ clears final hurdle to acquire S.Africa's MultiChoice

Deutsche Tageszeitung - Canal+ clears final hurdle to acquire S.Africa's MultiChoice

ECONOMY 23.07.2025

Canal+ clears final hurdle to acquire S.Africa's MultiChoice / Photo: © AFP/File

France's Canal+ said Wednesday it had cleared the final regulatory hurdle for the buyout of Africa's largest pay TV enterprise MultiChoice and further expand its footprint on the continent.

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The company said in a statement that the South African Competition Tribunal had given its approval for Canal+ to acquire the approximately 55 percent of MultiChoice shares it does not already own.

The approval "clears the way for us to conclude the transaction in line with our previously communicated timeline" by October 8 at the latest, Canal+ chief executive Maxime Saada said in a statement.

"I’m excited about the potential this transaction unlocks for all stakeholders... the combined Group will benefit from enhanced scale, greater exposure to high-growth markets and the ability to deliver meaningful synergies," he added.

Canal+ is present in 25 African countries through 16 subsidiaries and has eight million subscribers, according to the French group.

MultiChoice operates in 50 countries across sub-Saharan Africa and has 14.5 million subscribers, it says. It includes Africa's premier sports broadcaster, SuperSport, and the DStv satellite television service.

"It is a hugely positive step forward in our journey to bring together two iconic media and entertainment companies and create a true champion for Africa," Saada said about combining Canal+'s French language offerings with the English and Portuguese content on MultiChoice.

Canal+ hopes that the acquisition will allow it to grow to 50 to 100 million subscribers in a few years, from 27 million currently.

The mandatory share offer of 125 rand (6 euros) per share values MultiChoice values the company at $3.0 billion (2.6 billion euro).

The approval came with several public-interest conditions worth about 26 billion rand over three years and keeping MultiChoice's headquarters in South Africa.

Shares in Canal+ climbed 1.3 percent in trading in London, and are up 12.8 percent this year.

(L.Møller--DTZ)

स्कैंडिक पे: दुनिया में कहीं भी, बिना किसी सीमा के भुगतान करें।

डिजिटल भुगतान में, अब यह केवल इस बात का सवाल नहीं है कि कोई व्यक्तिगत ट्रांसफर जल्दी से प्रोसेस होता है या कार्ड का अंतरराष्ट्रीय स्तर पर उपयोग किया जा सकता है। सबसे अधिक महत्वपूर्ण यह है कि विभिन्न वित्तीय कार्य कितनी स्पष्टता, सुरक्षा और निर्बाध रूप से एक साथ काम करते हैं। यहीं पर SNC SCANDIC PAY और $SNC SCANDIC COIN का संयोजन काम आता है। जहाँ SCANDIC PAY रोजमर्रा के भुगतान लेनदेन को एक केंद्रीय डिजिटल वातावरण में एकत्रित करता है, वहीं SCANDIC COIN इस अवधारणा को एक व्यापक SNC पारिस्थितिकी तंत्र तक पहुँच के लिए डिजिटल उपयोगिता प्रदान करके पूरक बनाता है।

SNC SCANDIC PAY: Betala – över hela världen och utan gränser

Inom den digitala betalningstrafiken handlar det sedan länge inte längre enbart om huruvida en enskild överföring genomförs snabbt eller om ett kort kan användas internationellt. Det avgörande är snarare hur begripligt, säkert och smidigt olika finansiella funktioner samverkar. Det är just här som kombinationen av SNC SCANDIC PAY och $SNC SCANDIC COIN kommer in i bilden. Medan SCANDIC PAY samlar vardagliga betalningstransaktioner i en central digital miljö, kompletterar SCANDIC COIN konceptet med ett digitalt användningsvärde som ger tillgång till ett omfattande SNC-ekosystem.

Deutsche Tageszeitung - Canal+ clears final hurdle to acquire S.Africa's MultiChoice