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Competition Tribunal greenlights CANAL+ R35bn acquisition of MultiChoice
Cape Times
|July 24, 2025
THE Competition Tribunal of South Africa has approved the R35 billion acquisition of the MultiChoice Group (MCG) by French media giant CANAL+, effectively consolidating two of Africa's biggest television and media groups.
This landmark deal, designed not only to strengthen CANAL+’s foothold in sub-Saharan Africa but also to foster competition against dominant global streaming services like Netflix, comes with a series of stipulations aimed at promoting local empowerment in the audiovisual industry.
CANAL+, recently spun off from parent company Vivendi, made an offer to MultiChoice shareholders at R125 per share—valuing the total acquisition at R55bn. The Competition Commission previously indicated that the merger would not impede competition within any market.
This story is from the July 24, 2025 edition of Cape Times.
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