Canal+ Acquires MultiChoice for $3.17 Billion: A Landmark Deal in African Media

MultiChoice, a leading media company in Africa, has been acquired by Canal+, France’s entertainment giant, for $3.17 billion in a landmark deal that marks the end of an era. This transaction sees MultiChoice leave the Johannesburg Stock Exchange (JSE) after 29 years and usher in a new chapter for Africa’s pay-TV and streaming landscape. Canal+ now holds over 94% of shares, giving it full control of the company and leading to its delisting from the JSE. The group also plans to list its shares on the JSE, ensuring continued participation by South African investors in the combined business.