French media giant Canal+ has officially acquired MultiChoice Group in a landmark $3 billion deal.
This move gives Canal+ full control over popular African pay-TV platforms DStv and GOtv, as well as Showmax and SuperSport.
South Africa’s Competition Tribunal approved the takeover with conditions, including commitments to local content investment, no job cuts for 3 years, and the creation of a new South African-owned company, LicenceCo, to manage broadcasting licenses.
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The deal signals a new era in African entertainment merging Canal+‘s French-speaking reach with MultiChoice’s dominance across English-speaking Africa.
MultiChoice has 19.3 million users. They also own 49% of BetKing..
Credit : MosDef
What would be the possible implications, the pros and cons of this deal?
Please hows it gone, it is for better or worse
Nothing is deal Multichoice has long expired what just happened is rebranding nothing much they will cut down cost and preview more entertaining programs to attract customers after which the canals will hike the prize and customers will run away another company will reacquire just in that circle of doom