25 Mar, 2026

Canal+’s $2 billion MultiChoice deal now unconditional, companies say

Canal+’s $2 billion MultiChoice deal now unconditional, companies say

Canal+ CAN.L and MultiChoice on Monday said that all conditions to Canal+’s 35 billion rand ($2.02 billion) takeover offer for the South African TV broadcaster have been fulfilled, making the deal unconditional.

Canal+ owned 46% of MultiChoice as of September 19, with another 2.2% of shares tendered in its favor since, giving the London-listed company effective control of the TV broadcaster, the companies said.

MultiChoice implemented a reorganization of its South African operations this month, in line with conditions laid out by South Africa's Competition Tribunal in July to approve the takeover.