About This Trend
Canal+ has received regulatory approval to acquire MultiChoice Group, the parent company of DStv and GOtv, in a $3 billion deal.
According to The Hollywood Reporter, the South African Competition Tribunal approved the takeover with conditions, including local ownership safeguards and content funding pledges. The acquisition, valued at approximately $3 billion, grants Canal+ full control of MultiChoice, which operates in 50 African countries and serves 14.5 million subscribers. This deal strengthens Canal+'s presence in the African pay-TV market and aligns with its strategic expansion goals. The approval follows a thorough regulatory review process, addressing concerns over competition and local content production. MultiChoice's platforms, such as DStv and GOtv, are critical for sports and entertainment distribution across the continent.