Canal+ gets green light for R55 billion MultiChoice merger
- Canal+ cleared a regulatory hurdle for its R55 billion bid to acquire MultiChoice Group.
- The Competition Commission recommended conditional approval for the acquisition.
- The merger aims to create a significant media presence across Africa.
The acquisition of MultiChoice by Canal+ represents a pivotal moment in the African media landscape, potentially reshaping content delivery and ownership in the region. However, the imposed conditions highlight the need for careful consideration of local interests and the impact on employment and diversity in media representation.
