Multichoice Group merger shakes the media world as Canal+ takes control, promising a revolutionary shift in global entertainment markets
Canal+ now takes full control of the company as Multichoice Group merger completes, shaking the media world.
Also read: MultiChoice eyes $3bn Canal+, merger to compete against US streaming giants in Africa
This decisive takeover was confirmed on 19 September 2025 when all conditions for the deal were fulfilled, making the Canal+ offer unconditional and signalling a bold new chapter for the African and global media landscape.
Canal+ already controls 46% of Multichoice Group’s shares, with another 2.2% recently tendered.
This gives Canal+ effective control, with its stake expected to rise further as remaining shares are tendered.
Founded in 1994 as M-Net’s digital satellite arm, Multichoice is now part of the largest acquisition ever made by Canal+.
Serving over 40 million subscribers across nearly 70 countries in Africa, Europe, and Asia, the combined group boasts a workforce of approximately 17,000.
This merger dramatically expands Canal+’s footprint and sets the stage for unmatched growth and influence in the global media industry.
In South Africa, Canal+ has pledged a robust package of public interest commitments.
These include backing Historically Disadvantaged Persons (HDPs) and Small, Micro and Medium Enterprises (SMMEs) in the local audio-visual sector.
Importantly, funding for South African sports and entertainment content will be maintained to support homegrown talent.
For existing Multichoice customers, subscription and billing remain unchanged during the transition. The group is preparing to integrate operations fully, with strategic updates expected in early 2026.
The takeover also triggers a shake-up at the top. Former Multichoice CEO Calvo Mawela and other board members resigned on 22 September 2025.
New leadership includes Maxime Saada as Chair and David Mignot as CEO, signalling fresh direction under Canal+ stewardship. Mawela will continue as Chair of Canal+ African operations.
A crucial regulatory move involved creating Multichoice Proprietary Limited (“LicenceCo”) to hold the broadcasting licence, ensuring compliance with South Africa’s Electronic Communications Act.
This restructuring lifts previous voting restrictions on foreign shareholders, allowing Canal+ full voting rights, enhancing its control and influence.
Maxime Saada, Canal+ CEO, hailed the merger as a landmark event: “Our combined company is a global media powerhouse, uniquely positioned to invest more deeply in creative and sporting content across continents.”
Also read: MultiChoice loses legal battle against FCCPC’s attempt to halt price increase
The Multichoice Group merger doesn’t just reshape ownership—it promises a revolutionary shift in content, reach, and industry leadership, placing Canal+ and Multichoice at the forefront of a media revolution.
Source: Read more at championnews.com.ng
Peculiar Adirika is a journalist and contributor to Freelanews.com, covering news, business, and public affairs.
