French media powerhouse Canal+ has completed its landmark acquisition of MultiChoice Group, cementing one of the largest transactions in its history. The deal consolidates Canal+’s existing operations on the continent with MultiChoice to form Canal+ Africa, a new entity poised to redefine the broadcasting and content landscape across Africa and beyond. With this strategic move, Canal+ has significantly expanded its global reach, now serving more than 40 million subscribers across nearly 70 countries in Africa, Europe, and Asia.
As part of the restructuring, outgoing MultiChoice CEO Calvo Mawela assumes the role of Chairman of Canal+ Africa, while David Mignot steps in as CEO of the combined entity. The organization has been structured into three divisions—Operations (including TV and Fiber), Content, and Corporate Functions—reflecting a sharpened focus on operational efficiency, content development, and corporate strategy. This leadership transition underscores Canal+’s commitment to integrating strong African expertise with global media experience.
The merger follows the completion of Canal+’s mandatory takeover offer for the MultiChoice shares it did not previously own. As of 19 September, Canal+ directly held 46% of MultiChoice shares, with an additional 2.2% tendered under its R125-per-share offer. The company has signaled that its stake will continue to grow as more shares are transferred, further consolidating its control and influence over the new entity.
On the governance front, Canal+ chair and CEO Maxime Saada now leads the MultiChoice board as its new chair, supported by Elias Masilela as lead independent director. The executive team includes Nicolas Dandoy as Chief Financial Officer and Jacques du Puy as an executive member. Independent non-executive directors Kgomotso Moroka, Louisa Stephens, Deborah Klein, and James du Preez remain onboard to ensure continuity and robust oversight. Additionally, former MultiChoice CFO Timothy Jacobs will take up a senior finance role within Canal+ Africa, bolstering the financial leadership team.
A key aspect of the integration is Canal+ and MultiChoice’s pledge to continue supporting South Africa’s local content ecosystem. The companies have committed to ongoing funding for sports and entertainment productions created by South African producers, while also ensuring strong backing for businesses owned by historically disadvantaged individuals and small enterprises in the audiovisual industry. These commitments highlight the merged entity’s intent to maintain a balance between global scale and local impact.
For subscribers, the transition will be seamless, with existing billing and subscription arrangements remaining unchanged during the integration period. This reassurance, coupled with Canal+’s investment in content and infrastructure, positions Canal+ Africa as a transformative player in delivering diverse, high-quality, and accessible entertainment to millions of households across the continent and beyond.
