Dstv

French media giant Canal+ takes over South Africa’s Multichoice, owners of DSTV and GOtv

wasiu ayanwola3 months ago3 months ago01 mins

Following the completion of its3 billion acquisition by French media giant Canal+, MultiChoice Group (MCG) has announced major board changes and a new financial year-end. The takeover, now officially concluded, gives Canal+ effective control of the African pay-TV leader — marking the largest transaction in its history and forming one of the biggest media and…

Business

French media giant acquires MultiChoice in $3 billion deal, takes full ownership of DStv and GOtv

olatunde jomiloju5 months ago5 months ago02 mins

French media conglomerate Canal+ has completed the full acquisition of MultiChoice Group, the parent company of DStv and GOtv, in a landmark $3 billion (approximately 55 billion rand) deal. The transaction, which secures Canal+ the remaining 55% stake it did not previously own, received formal approval from South Africa’s Competition Tribunal on Wednesday, July 23….

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French media giant Canal+ takes over South Africa’s Multichoice, owners of DSTV and GOtv

French media giant acquires MultiChoice in $3 billion deal, takes full ownership of DStv and GOtv