Canal+ extends MultiChoice acquisition deadline amid regulatory challenges
Canal+ has announced a six-month extension for the acquisition of MultiChoice, moving the deadline to October 8, 2025. The delay is attributed to South Africa's Electronic Communications Act, which restricts foreign ownership in broadcasting licenses.
MultiChoice Working To Secure Regulatory Approval To Complete $3 Billion Canal+ Acquisition
Calvo Mawela's ambition to challenge US streaming giants in Africa. MultiChoice is seeking regulatory approval for a $3 billion deal with Canal+.
Canal+ Expands African Media Footprint with MC Vision Acquisition
Canal+ acquires majority stake in MC Vision, increasing ownership from 37% to 75%. Canal+ has been actively pursuing opportunities in Africa, acquiring ROK Studios in Nigeria and expanding in Rwanda.
Canal+ continues its share acquisition spree at Multichoice
Canal+ acquires an additional 3,374,668 shares in MultiChoice, increasing its stake to 41.59%. Canal+'s previous acquisitions were at a discount, but the recent shares were priced between R115.99 and R117.59.
MultiChoice expectedly turns down $2.5 billion offer from Canal+
MultiChoice has rejected an acquisition offer from Canal+. Canal+ has been increasing its stake in MultiChoice since 2020.
