French media giant Canal+ has officially taken control of South Africa’s MultiChoice Group, the pay-TV operator behind DStv, GOtv, and Showmax, in a landmark deal worth about R35 billion (US$2 billion).
Both companies confirmed on Monday that all regulatory and legal conditions have been met, making the takeover offer unconditional. Canal+ already owns 46% of MultiChoice, with additional shares tendered by minority investors pushing its control even further.
As part of the deal, MultiChoice’s South African operations were reorganized to comply with foreign ownership restrictions, while public interest commitments were made, including investments in local content, sports, and support for small businesses in the audio-visual sector.
The takeover brings significant leadership changes: Canal+ chief executive Maxime Saada has been appointed chairman of the combined group, while David Mignot takes over as CEO of Canal+ Africa. Outgoing MultiChoice CEO Calvo Mawela will step down from his role but remain as chair of Canal+ Africa.
With this consolidation, the merged entity will serve over 40 million subscribers across nearly 70 countries, employing more than 17,000 people. Analysts say the deal strengthens Canal+’s position in Africa’s pay-TV market, boosting its ability to compete with global streaming rivals while expanding investment in local productions.
For subscribers, the companies say billing and services on DStv, GOtv, and Showmax will remain unchanged in the short term, with further strategic plans expected to be unveiled in early 2026.
