Canal+ completed its takeover of African broadcaster MultiChoice after regulatory approval removed foreign ownership barriers. The French media company controls 48.2 percent of MultiChoice through direct holdings and tender offers valued at ZAR125 per share. South African broadcasting rules previously limited foreign shareholder voting rights until MultiChoice restructured its license arrangements. The acquisition creates an entertainment giant serving over 40 million customers across nearly 70 countries. Board changes reflect the new ownership structure as Canal+ appointed key executives to leadership positions.
Maxime Saada leads the combined organization as chairman, while David Mignot takes charge of African operations. The merger establishes Canal+ as a major player in high-growth African television markets. MultiChoice will adopt Canal+ financial reporting schedules and change its fiscal year from March to December. Former MultiChoice executives Calvo Mawela and Timothy Jacobs remain with the company in different roles within the expanded group structure.
Maxime Saada leads the combined organization as chairman, while David Mignot takes charge of African operations. The merger establishes Canal+ as a major player in high-growth African television markets. MultiChoice will adopt Canal+ financial reporting schedules and change its fiscal year from March to December. Former MultiChoice executives Calvo Mawela and Timothy Jacobs remain with the company in different roles within the expanded group structure.
