US Edition
Canal+’s Takeover Of African Giant MultiChoice Group Gets Approval
SOUTH AFRICA, JUL 23 – Canal+ will invest 26 billion rand over three years and maintain local content funding while expanding its reach to over 22 million African subscribers, the tribunal said.
- South Africa's Competition Tribunal approved Canal+ Group's planned takeover of MultiChoice Group, aiming to complete the transaction by October 8, 2025.
- This approval follows Canal+'s offer in March 2024 after an earlier rejected bid and requires navigating local ownership laws under the Electronic Communications Act.
- The deal, valued at about 55 billion rand, includes a structural separation of MultiChoice's South African broadcasting licensee into an independent HDP-majority-owned entity.
- Canal+ CEO Maxime Saada referred to the approval as the final step in establishing a leading media entity for Africa, while MultiChoice’s CEO Calvo Mawela highlighted the achievement as a key milestone that aligns with their long-term strategic goals and dedication to supporting local communities.
- The transaction promises public interest commitments including investment in local content and support for historically disadvantaged persons, aiming to enhance South African entertainment and economic participation.
Insights by Ground AI
Does this summary seem wrong?
51 Articles
51 Articles
Times LiveReposted by 
insidepolitic.co.za
insidepolitic.co.zaCanal+ gets conditional approval for MultiChoice takeover
The Competition Tribunal has approved Canal+'s R35bn takeover offer for TV broadcaster MultiChoice, subject to agreed conditions, the companies said on Wednesday.
·Johannesburg, South Africa
Read Full Article
Coverage Details
Total News Sources51
Leaning Left4Leaning Right1Center3Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 38%
13%
Factuality
To view factuality data please Upgrade to Premium
