By Atoyebi Nike
French media company Canal+ has finalised its $3 billion acquisition of MultiChoice Group, securing 46% control of Africa’s leading pay-TV operator.
In a statement on Monday, MultiChoice confirmed that Canal+ now directly owns 200 million shares, marking the largest transaction in the French firm’s history.
The deal creates a global media powerhouse with over 40 million subscribers in nearly 70 countries. Canal+ CEO Maxime Saada has been named chairman of the MultiChoice board, while David Mignot takes over as chief executive officer and Nicolas Dandoy as chief financial officer.
MultiChoice also announced it will align its financial year-end with Canal+’s December 31 cycle, departing from its previous March 31 reporting.
Canal+ said subscribers will not see immediate changes but promised a detailed strategic update in early 2026.
