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A Proposed Merger Could Create a Dominant Pan-African Broadcasting Powerhouse

French media group Vivendi’s Canal+ has made a mandatory all-cash offer to acquire the remaining shares of South African broadcasting giant MultiChoice that they don’t already own. Considering the continent’s rapidly growing population, the combined entity could reach a potential audience of over 1 billion people in Africa alone. Canal+ has a strong presence in French-speaking Africa, reaching over 16 million subscribers with content like Canal+ Series and Canal+ Sport. While MultiChoice dominates English-speaking markets, boasting over 20 million subscribers across Sub-Saharan Africa with popular offerings like DStv and GOtv. However, this seemingly positive development for the continent’s media landscape is overshadowed by allegations of a massive currency exchange fraud case involving MultiChoice Nigeria Limited.

VENTURES AFRICA