CANAL+ Group has moved closer to completing its full acquisition of MultiChoice Group (MCG) after successfully securing 94.39% ownership of the African entertainment giant. The announcement follows the conclusion of CANAL+’s Mandatory Tender Offer for the remaining MultiChoice shares it did not already own, marking one of the largest media acquisitions in Africa’s history.
With more than 90% of MultiChoice shareholders accepting the offer, CANAL+ will now proceed with a compulsory acquisition—commonly referred to as a “squeeze-out”—of all remaining shares in accordance with South Africa’s Companies Act. Once this process is finalized, MultiChoice will become a wholly owned subsidiary of CANAL+, paving the way for its delisting from the Johannesburg Stock Exchange (JSE), subject to regulatory approvals.
As part of its regulatory commitments during the acquisition approval process, CANAL+ has pledged to pursue a secondary inward listing on the JSE while maintaining its primary listing in London. This move aims to ensure that South African investors retain access to the newly consolidated media powerhouse even after MultiChoice’s delisting.
The integration between CANAL+ and MultiChoice is already underway. The French media company says it plans to unveil a detailed strategy for the combined group—including operational synergies and market expansion opportunities—during the first quarter of 2026.
Maxime Saada, Chief Executive Officer of CANAL+, described the acquisition as a “transformational milestone” for the company and Africa’s media industry at large.
“We are pleased with the overwhelming success of the offer. Following this outcome, we will now acquire the remaining shares in MultiChoice and seek a secondary inward listing of CANAL+ in Johannesburg,” Saada said. “Given the important role CANAL+ will now play in South Africa and across the African continent, it is critically important that domestic investors have exposure to a leading media and entertainment company on the Johannesburg Stock Exchange.”
With this acquisition, CANAL+ strengthens its presence in Africa’s fast-growing pay-TV and streaming markets, positioning the combined group as a major global competitor to streaming platforms like Netflix, Amazon Prime Video, and Disney+. The move also signals increased investor confidence in Africa’s media landscape, particularly as content production and digital distribution continue to accelerate across the continent.CANAL+ Group has moved closer to completing its full acquisition of MultiChoice Group (MCG) after successfully securing 94.39% ownership of the African entertainment giant. The announcement follows the conclusion of CANAL+’s Mandatory Tender Offer for the remaining MultiChoice shares it did not already own, marking one of the largest media acquisitions in Africa’s history.
With more than 90% of MultiChoice shareholders accepting the offer, CANAL+ will now proceed with a compulsory acquisition—commonly referred to as a “squeeze-out”—of all remaining shares in accordance with South Africa’s Companies Act. Once this process is finalized, MultiChoice will become a wholly owned subsidiary of CANAL+, paving the way for its delisting from the Johannesburg Stock Exchange (JSE), subject to regulatory approvals.
As part of its regulatory commitments during the acquisition approval process, CANAL+ has pledged to pursue a secondary inward listing on the JSE while maintaining its primary listing in London. This move aims to ensure that South African investors retain access to the newly consolidated media powerhouse even after MultiChoice’s delisting.
The integration between CANAL+ and MultiChoice is already underway. The French media company says it plans to unveil a detailed strategy for the combined group—including operational synergies and market expansion opportunities—during the first quarter of 2026.
Maxime Saada, Chief Executive Officer of CANAL+, described the acquisition as a “transformational milestone” for the company and Africa’s media industry at large.
“We are pleased with the overwhelming success of the offer. Following this outcome, we will now acquire the remaining shares in MultiChoice and seek a secondary inward listing of CANAL+ in Johannesburg,” Saada said. “Given the important role CANAL+ will now play in South Africa and across the African continent, it is critically important that domestic investors have exposure to a leading media and entertainment company on the Johannesburg Stock Exchange.”
With this acquisition, CANAL+ strengthens its presence in Africa’s fast-growing pay-TV and streaming markets, positioning the combined group as a major global competitor to streaming platforms like Netflix, Amazon Prime Video, and Disney+. The move also signals increased investor confidence in Africa’s media landscape, particularly as content production and digital distribution continue to accelerate across the continent.
