French media giant Canal+ has acquired MultiChoice Group in a $3 billion deal.
The acquisition gives Canal+ full control of MultiChoice, the parent company of pay-TV services DStv and GOtv.
Canal+ Chief Executive Officer (CEO) Maxime Saada confirmed the acquisition via a statement issued on Wednesday, July 23, 2025.
The acquisition received the green light from South Africa’s Competition Tribunal on Wednesday after a long-anticipated takeover.
The deal, valued at approximately 55 billion rand, was confirmed following months of regulatory scrutiny and negotiations.
Canal+, which already held a 45.2% stake in MultiChoice, moved to acquire the remaining shares after investing €1.2 billion ($1.3 billion) since 2020.
MultiChoice, FCCPC head to Appeal Court over DStv, GOtv price hikes
The transaction is expected to close by October 8, 2025, pending final approval from the Independent Communications Authority of South Africa.
Saada stated: “The approval by South Africa’s Competition Tribunal marks the final stage in the South African competition process and clears the way for us to conclude the transaction in line with our previously communicated timeline.
“This acquisition represents a significant step in expanding our presence across Africa, particularly in English-speaking markets.”
MultiChoice Chairman Elias Masilela also described the deal as a vote of confidence in the company’s growth strategy.
Masilela said: “The offer from Canal+ endorses MultiChoice’s 40-year track record and our compelling continental growth strategy.
“It is gratifying to note that foreign investors share our view that South Africa and Africa remain attractive growth markets.”
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