Gotv » chatEMPIRE https://chatempire.ng Nigeria's #1 Online Community Thu, 24 Jul 2025 09:45:37 +0000 en-US hourly 1 https://wordpress.org/?v=7.1 https://i0.wp.com/chatempire.ng/wp-content/uploads/2025/07/cropped-android-chrome-512x512-1.png?fit=32%2C32&ssl=1 Gotv » chatEMPIRE https://chatempire.ng 32 32 245584114 Canal+ Buys MultiChoice for $3 Billion https://chatempire.ng/forums/thread/canal-buys-multichoice-for-3-billion/?utm_source=rss&utm_medium=rss&utm_campaign=canal-buys-multichoice-for-3-billion ]]> Thu, 24 Jul 2025 09:45:37 +0000 https://chatempire.ng/forums/thread/canal-buys-multichoice-for-3-billion/ French media giant Canal+ has bought MultiChoice, the owner of DStv and GOtv, for $3 billion (R55 billion). The deal, approved by South Africa’s Competition Tribunal on July 23, gives Canal+ full control after owning 45% before. The sale should close by October 8, 2025.

Conditions Set to Protect Local Content
The Tribunal approved the deal but added rules to keep local content and jobs safe. Canal+ must spend R26 billion in three years on South African projects, like local shows and sports. MultiChoice’s HQ will stay in South Africa.

**Big Move for Canal+ in Africa**
Canal+ already has 8 million subscribers in 25 African countries. With MultiChoice’s 14.5 million subscribers in 50 countries, the merger creates a huge pay-TV leader in Africa. Canal+ aims to reach 50-100 million subscribers soon.

Why It Matters
– Stronger Together: Combines Canal+’s French content with MultiChoice’s English and Portuguese shows.
– More Investment: MultiChoice gets new funds for better tech and local content.
– African Focus: Both companies promise to keep backing South African creators and sports.

Canal+ first offered to buy MultiChoice in 2023 at R125 per share. Now, the deal is done, changing Africa’s pay-TV market for good.

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