French media company Canal+ has completed its acquisition of MultiChoice Group, making the African pay television company a full subsidiary of the global entertainment business.
The development marks the end of a transaction that began in 2023 when Canal+, already MultiChoice’s largest shareholder, made an offer to acquire the remaining shares in the company.
In a statement on Thursday, David Mignot, Chief Executive Officer of Canal+ Africa and MultiChoice, said the integration positions MultiChoice as part of a media group with operations across Europe, Africa and Asia.
“MultiChoice is now a full subsidiary of a truly international media group operating in 70 countries. The group was founded in France, is listed in London and Johannesburg, and has a strong African presence with operations in more than 45 countries,” Mr Mignot said.
What the acquisition means
