French Media Giant Canal+ Buys Out MultiChoice in $3B Deal

French media company Canal+ has officially acquired full ownership of MultiChoice, Africa’s biggest pay-TV provider, in a $3 billion deal that could reshape the continent’s media industry. The transaction, which was approved by South African authorities, gives Canal+ complete control of DStv, GOtv, and other prominent African content brands.

This landmark move means Canal+ now reaches over 14.5 million subscribers across 50 African countries, with the deal expected to be fully closed by October 8, 2025. The company plans to invest R26 billion (approximately $1.4 billion) over the next three years to boost local content, safeguard jobs, and maintain MultiChoice’s South African roots.

“This is a strategic milestone for our company,” said Canal+ Chairman and CEO Maxime Saada. “We aim to build a unified media platform that blends Canal+’s French-language programming with MultiChoice’s English and Portuguese content, while boosting local production.”

Canal+ began purchasing shares in MultiChoice in 2020 and gradually accumulated a 45 per cent stake. This final buyout now positions the company to compete with global streaming platforms like Netflix and Amazon Prime Video, particularly through African platforms such as Showmax, Africa Magic, M-Net, and SuperSport.

For many African creatives and viewers, this deal could mean more opportunities, more visibility, and more African stories being told to the world.

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