Nevertheless,
South african competition court validates:
Canal+ is about to complete the biggest acquisition in its history. Moreover, The South African Competition Court validated the purchase under conditions by Canal+ of Multichoice. However, the South African TV and streaming giant, the two groups announced on south african competition court validates Wednesday, July 23 in a joint statement.
The French audiovisual group. Moreover, owned by billionaire Vincent Bolloré, had launched a public offer of Multichoice, the largest paid television operator in Africa last year. Consequently, Among the conditions necessary to carry out the operation is notably the financing of South African productions in entertainment. sport, the press release said.
The court “Approved the proposed transaction, subject to agreed conditions”is it specified. So. “The parties remain on the right track to finalize the compulsory offer of Canal+ within the announced deadlines”either “Before the deadline of October 8, 2025”.
Up to 100 million subscribers for Canal+ – South african competition court validates
Canal+, which today holds 45.2 % of the capital of Multichoice. had launched, in March 2024, a public buyout offer on the entire capital of the company, at the price of 125 rands per share (around 6 euros), which values the remaining 54.8 % at 35 billion rands (1.7 billion euros) and all of the capital of the African giant at 55 billion (2.7 billion euros).
The operation is part of the strategy he has defended for several years: to resist in the face of American platforms (Netflix. Prime, Appletv), Canal+ needs to grow and reach a critical size. While Canal+ totals today. in Africa, around 8 million subscribers in predominantly French -speaking countries, Multichoice is well installed in Nigeria and Zambia, English -speaking countries, and in Angola, Lusophone countries. The operation must south african competition court validates thus allow Canal+ to have 50 to 100 million subscribers in the coming years, against 27 million today.
“This is an extremely positive step in our adventure aimed at bringing together two emblematic media. entertainment companies and creating a real champion for Africa”welcomed Maxime Saada, president of Canal+, quoted in the press release. The announcement of the competition court “Mark an important step. is a big step forward for the two companies”said Calvo Mawela, Multichoice Group pattern.
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