Investing.com - Financial Markets Worldwide

Canal+ secures 94% ownership of MultiChoice in $3.2 billion deal

Published 13/10/2025, 08:42
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Investing.com -- Canal+ has secured ownership of approximately 94% of South Africa’s MultiChoice Group (JO:MCGJ), valuing the company at around $3.2 billion, and plans to pursue a secondary listing in Johannesburg.

The French media company announced Monday that its offer for MultiChoice closed on October 10 with acceptances from holders of 217.7 million shares, representing about 93% of the shares covered by the offer. Combined with its existing stake, Canal+ now owns about 94% of the South African broadcasting company.

Canal+ launched the offer at 125 South African rand per share in cash. The transaction followed standard regulatory approvals and received a compliance certificate from South Africa’s Takeover Regulation Panel on September 22.

The French company stated it would launch an offer to acquire the remaining MultiChoice shares. Canal+ is also proceeding with plans for an exchange listing in Johannesburg alongside a primary listing on the London exchange.

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