Regulators approve Canal+’s acquisition of MultiChoice with strict conditions
- The Competition Commission recommended the approval of Canal+'s R55 billion acquisition of MultiChoice.
- The approval is subject to commitments regarding employment and local content investment.
- A new entity, LicenceCo, will be created to hold MultiChoice's South African broadcasting licence, majority-owned by HDPs.
The approval of Canal+'s acquisition of MultiChoice, with its focus on public interest conditions, represents a progressive step towards enhancing local ownership and content in South Africa's media landscape. However, the effectiveness of these commitments will depend on rigorous enforcement and monitoring by regulatory bodies.
