The long-awaited Canal+ MultiChoice acquisition has been completed, marking a new chapter for Africa’s largest pay-TV group. The $3 billion Canal+ MultiChoice buyout offer, finalized on September 19, 2025, grants the French media giant effective control of MultiChoice, making it one of the largest mergers in global entertainment.
A Landmark Takeover
According to a shareholder notice, Canal+ now directly owns over 200 million shares, representing 46% of MultiChoice’s issued share capital. The Canal+ MultiChoice takeover cements the company’s position as a global entertainment powerhouse with nearly 70-country coverage and more than 40 million subscribers.
The deal was made possible after receiving Canal+ MultiChoice acquisition approval from South Africa’s Competition Tribunal in July, following months of regulatory scrutiny. With acquisition regulatory approval secured, Canal+ triggered a mandatory buyout process earlier in 2025 after crossing the 35% ownership threshold required under South African company law.
Boardroom and Leadership Changes
To align with the new structure, MultiChoice has reconstituted its board. Canal+ CEO Maxime Saada now serves as chair, while David Mignot has taken over as CEO of MultiChoice. Nicolas Dandoy has been named CFO, with several new independent directors joining the restructured leadership.
Former MultiChoice CEO Calvo Mawela has transitioned to become chair of Canal+ Africa, ensuring continuity within the group.
Alignment of Financial Year-End
MultiChoice announced it will change its financial year-end from March 31 to December 31 to align with Canal+’s reporting calendar. This move is intended to streamline reporting and enhance efficiency across the combined group.
Industry Impact of the Merger
The Canal+ MultiChoice merger represents the largest media transaction in Africa’s history. Canal+ executives described the acquisition as a strategic move to expand investment in content and distribution across Europe, Africa, and Asia.
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Maxime Saada, CEO of Canal+, called the deal a “landmark step in creating a global media powerhouse,” while Calvo Mawela emphasized the growth opportunities for African media markets.
David Mignot, now CEO of Canal+ Africa, said the buyout would expand digital access and strengthen Africa’s voice in the global entertainment landscape.
A True Global Powerhouse
With the takeover complete, Canal+ and MultiChoice are set to leverage their combined strengths in technology, storytelling, and distribution to expand their reach and deliver greater value to customers.
