insert_link Africa Canal+ completes MultiChoice acquisition (Photo credit: REUTERS/Esa Alexander) Originally published by Broadcast Media Africa French media giant Canal+ has officially acquired approximately 94.39 percent of MultiChoice Group’s issued ordinary shares, following a highly successful mandatory buyout in which more than 90 percent of shareholders agreed to the sale. According to a joint statement released by the two companies, Canal+ will now proceed with a “squeeze-out” process under section 124(1) of South Africa’s Companies Act, […] today14 October, 2025
insert_link Africa Ghana criticizes Canal+ as talks to acquire MultiChoice continue Ghana’s Communications Minister, Samuel Nartey George (Photo: African Zone Facts) Ghana’s Communications Minister, Samuel Nartey George, has raised concerns over Canal+’s ongoing talks to acquire MultiChoice, expected to conclude by October 2025. The minister criticized the company for allegedly ignoring government directives to reduce subscription prices and for failing to address the proliferation of unregulated Nigerian decoders in the local market. Minister George said that the need for accountability, stating […] today14 August, 2025
insert_link Business / Economics Canal+ offers $2.9 billion for MultiChoice acquisition French media company Canal+ has made an offer of $2.9 billion to fully acquire South African broadcasting company MultiChoice. According to the BBC, it is a more attractive price compared to the $1.7bn bid that it presented to MultiChoice in February. MultiChoice is Africa's largest provider of subscription TV services, which include DSTv and streaming service Showmax. today8 April, 2024
insert_link Science & Technology Canal+ bid for Multichoice comes as Netflix cedes African lead to Multichoice-owned streamer Showmax By Seth Onyango, via bird story agency A major shake-up in the African streaming market is looming as Multichoice faces a takeover bid from French media giant, Vivendi SE’s Canal+. A tie-up could deal another blow to Netflix which lost its continental lead last November, relinquishing 5% of its share to its top rival Showmax, while Amazon Prime gained ground. Omdia Research data shows that Netflix in 2023 […] today8 February, 2024
