French media conglomerate Canal+ has successfully acquired full ownership of MultiChoice Group, the parent company of DStv and GOtv, in a significant deal valued at approximately $3 billion (around 55 billion rand).
The acquisition was officially approved by South Africa’s Competition Tribunal on Wednesday, July 23, 2025, granting Canal+ the remaining 55% stake it did not previously own. The transaction is expected to be fully finalized by October 8, 2025.
The Competition Tribunal’s approval came with several public interest conditions aimed at safeguarding South Africa’s media sovereignty and ensuring continued support for local content.
Canal+ has committed to investing approximately 26 billion rand ($1.4 billion) over the next three years in initiatives aligned with South Africa’s public interest goals.
These commitments include: retaining MultiChoice’s headquarters in South Africa, maintaining investment in South African-produced content and live sports, and supporting local content creators.
Canal+ CEO Maxime Saada described the deal as “transformative,” stating that the combined group will benefit from “enhanced scale, greater exposure to high-growth markets, and the ability to deliver meaningful synergies”.
MultiChoice is expected to benefit from a significant capital injection that will support local content creation, technology upgrades, and digital innovation.
