Canal+ Completes $3 Billion Acquisition of MultiChoice, Expanding to 70 Markets

Canal+ completed its buyout of the roughly 55% of MultiChoice it didn't already own for close to $1.9 billion, folding DStv, GOtv and Showmax into full ownership at an implied company value near $3 billion. The deal, three years in the making, extends Canal+'s reach to more than 70 markets, combining its European base with MultiChoice's 50-plus African footprint.

Key takeaway: The combined scale gives Canal+ significantly stronger leverage in global content negotiations and pay-TV/streaming bundling just as it competes with Netflix and Disney+ for rights across its European and African markets.

Source: news.broadcastmediaafrica.com