French broadcaster Canal+ has completed its takeover of South African pay-TV operator MultiChoice in a deal valued at 125 rand per share. The agreement gives Canal+ a 48.2 percent stake in MultiChoice, making it one of the largest transactions in the African media industry.
The merger will see the combined companies serve more than 40 million subscribers across nearly 70 countries in Africa, Europe and Asia, with a workforce of about 17,000. Canal+ says it will maintain funding for locally produced entertainment and sports content despite the restructuring.
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As part of board changes, Maxime Saada, Canal+ chief executive, has been named chairman of MultiChoice, while David Mignot will lead African operations as CEO. Nicolas Dandoy becomes chief financial officer, and Calvo Mawela, MultiChoice’s former CEO, has been appointed chair of Canal+ Africa.
The companies say the integration will expand digital innovation and give Africa a stronger voice globally. A strategic update on synergies and growth plans is expected in early 2026.
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