French pay-TV media company Canal+ has almost completed its takeover of MultiChoice, confirming that it now controls 94.39% of the South African broadcaster’s shares.
Canal+ has made it clear, it’s going ahead with buying out the rest of the shares and pulling MultiChoice off the Johannesburg Stock Exchange (JSE).
After the completion, MultiChoice will fall entirely under Canal+ ownership as a fully owned subsidiary.
The offer, which closed on 10 October 2025, was accepted by shareholders representing about 92.54% of the shares Canal+ didn’t already own.
According to Reuters, the deal is said to be worth around R35 billion ($2 billion) and will bring together over 40 million subscribers (combined from MultiChoice and Canal+ ) across nearly 70 countries.
Canal+ confirmed in a statement that, “in accordance with South African law,” it will “shortly initiate the compulsory acquisition of the remaining shares (‘squeeze out’), in order to make MultiChoice a wholly-owned subsidiary.”
The company added that “once this step is completed, Canal+ will initiate the delisting of MultiChoice from the Johannesburg Stock Exchange (JSE), subject to obtaining regulatory approvals.”
In addition, the company also said that, as part of its agreement with South Africa’s competition authorities, it’s already listed on the London Stock Exchange, and once it gets the green light, it plans to list its own shares on the JSE too.
Canal+ said listing its own shares on the JSE will help attract more investors, show its long-term commitment to Africa, and support the growth of the creative industry on the continent.
The company also confirmed that the process of bringing MultiChoice and Canal+ together has already begun, and it will share more details about its plans and benefits in early 2026.
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