{"id":71375,"date":"2025-07-24T10:36:30","date_gmt":"2025-07-24T10:36:30","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=71375"},"modified":"2025-07-24T10:36:30","modified_gmt":"2025-07-24T10:36:30","slug":"french-media-giant-canal-completes-3-billion-acquisition-of-multichoice","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/07\/24\/french-media-giant-canal-completes-3-billion-acquisition-of-multichoice\/","title":{"rendered":"French Media Giant Canal+ Completes $3 Billion Acquisition of MultiChoice"},"content":{"rendered":"<p><strong>By Njoku Chijioke<\/strong><\/p>\n<p>French media conglomerate Canal+ has successfully completed its landmark $3 billion acquisition of MultiChoice Group, the parent company of popular pay-TV services DStv and GOtv. The deal, which grants Canal+ full ownership of MultiChoice&#8217;s extensive media portfolio, received final approval from South Africa&#8217;s Competition Tribunal on <b>Wednesday, July 23, 2025<\/b>.<\/p>\n<p>The acquisition means Canal+ now fully owns Africa&#8217;s largest pay-TV operator, which boasts over 14.5 million subscribers across 50 sub-Saharan African countries. This expansive portfolio includes prominent platforms such as DStv, GOtv, SuperSport, Africa Magic, M-Net, and Showmax.<\/p>\n<p>Canal+ has pledged a significant investment of approximately <b>R26 billion (around $1.4 billion)<\/b> over the next three years. This substantial commitment is earmarked for local content production, sports broadcasting rights, and digital innovation, reflecting a strategic focus on enhancing the African media landscape.<\/p>\n<p>This acquisition strategically positions Canal+ to become a dominant force in Africa&#8217;s rapidly evolving media market, setting it up to compete directly with global streaming giants like Netflix and Amazon Prime Video. With the combined subscriber base of Canal+&#8217;s existing 8 million and MultiChoice&#8217;s 14.5 million, the merged entity aims for an ambitious target of <b>50 to 100 million subscribers<\/b> across the continent in the coming years.<\/p>\n<p>The completion of this deal marks a significant consolidation in the African broadcast media industry, promising increased investment in digital infrastructure and potentially wider distribution of African content to international markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Njoku Chijioke French media conglomerate Canal+ has successfully completed its landmark $3 billion acquisition of MultiChoice Group, the parent company of popular pay-TV services DStv and GOtv. The deal, which grants Canal+ full ownership of MultiChoice&#8217;s extensive media portfolio, received final approval from South Africa&#8217;s Competition Tribunal on Wednesday, July 23, 2025. The acquisition [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":71376,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[],"class_list":["post-71375","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/71375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=71375"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/71375\/revisions"}],"predecessor-version":[{"id":71377,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/71375\/revisions\/71377"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/71376"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=71375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=71375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=71375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}