Canal+ Group, the French media giant behind “Paddington,” has completed its long-gestating $2 billion takeover of South African pay TV company Multichoice and announced its new board.
The takeover makes Canal+ the dominant player in Africa’s fast-growing pay TV market, where MultiChoice operates across 50 countries. It also marks a monumental step in Canal+’s strategy.
The acquisition of McG by Canal+ is the largest transaction ever undertaken by Canal+, bolstering the combined new group’s ambition to be a major global media player.
“Today marks an important step forward for Canal+, as we begin to integrate MultiChoice to create a group with enhanced scale,…
‘ The preceding article may include information circulated by third parties ’
‘ Some details of this article were extracted from the following source www.imdb.com ’
ADVERTISEMENT
