French media giant Canal+ Group has completed a $3 billion deal to acquire the remaining 55% of MultiChoice Group, securing full ownership of the continent’s largest pay-TV operator and its popular platforms, DStv and GOtv.

The acquisition, approved by the South African Competition Tribunal, marks a watershed moment in Africa’s broadcasting industry, giving Canal+ access to over 14.5 million subscribers across 50 countries. The deal is expected to fully close by October 8, 2025.

“This is a strategic milestone for our company,” said Canal+ Chairman and CEO Maxime Saada. “We aim to build a unified media platform that blends Canal+’s French-language programming with MultiChoice’s English and Portuguese content, while boosting local production.”

Canal+, a subsidiary of global conglomerate Vivendi SE, began increasing its stake in MultiChoice in 2020, reaching 45% through market purchases before this final buyout. The transaction significantly expands its influence in emerging media markets and enhances its capacity to rival global streaming platforms.