The transaction, which Canal+ described as its largest ever, creates a global media and entertainment group serving more than 40 million subscribers across nearly 70 countries in Africa, Europe, and Asia, with approximately 17,000 employees.
Canal+ directly owns 46.0% of MultiChoice shares and has received acceptances for an additional 2.2%, making its mandatory cash offer of 125 South African rand per share now unconditional.
Following the acquisition, MultiChoice has restructured its board with Maxime Saada, CEO of Canal+, appointed as Chairman. David Mignot will serve as CEO and Nicolas Dandoy as CFO of Canal+ African operations, which includes MultiChoice. Former MultiChoice CEO Calvo Mawela will chair Canal+ African operations.
The company has completed a corporate reorganization to comply with South African broadcasting regulations regarding foreign ownership. As a result, voting scale-back provisions that previously restricted foreign shareholders’ voting rights have been removed.
In South Africa, Canal+ has committed to supporting firms controlled by Historically Disadvantaged Persons and maintaining funding for local entertainment and sports content produced by South African creators.
MultiChoice will change its financial year-end from March 31 to December 31 to align with Canal+’s reporting period.
Canal+ plans to provide a strategic update on the combined group, including detailed plans and expected synergies, during the first quarter of 2026.
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