French media giant Canal+ now controls South African broadcaster Multichoice, the parent company behind DStv, after completing what the company calls the largest transaction in Canal+’s history. The takeover became unconditional on September 19, after all regulatory hurdles were cleared.
Canal+ directly owns 46% of Multichoice shares, with an additional 2.2% already tendered through the takeover offer. This gives the French company effective control of the pay-TV operator that began as M-Net’s satellite division back in 1994 and later launched the DStv satellite television service that dominates across Africa.
The merger creates a global entertainment powerhouse serving over 40 million subscribers across nearly 70 countries in Africa, Europe, and Asia. The combined workforce will number around 17,000 employees.
Leadership Changes
The deal also triggered several changes at the top of Multichoice. Calvo Mawela, who led the company as CEO, stepped down from the board on September 22. His replacement is David Mignot, who will run Canal+’s African operations alongside new CFO Nicolas Dandoy.
Mawela isn’t disappearing entirely. He’ll chair the African operations, while outgoing CFO Timothy Jacobs keeps a senior finance role in the merged company.
The new board, chaired by Canal+ CEO Maxime Saada, includes a mix of Canal+ appointees and directors who previously served Multichoice independently. Most of the independent directors are staying put, providing some continuity during the transition.
What Is Changing for DStv Customers
For now, DStv subscribers won’t notice much difference. The company promises that subscription prices and billing arrangements remain unchanged. Canal+ plans to reveal its detailed integration strategy and expected cost savings during the first quarter of 2026.
The French company has committed to supporting South African content creators and small businesses in the audiovisual sector. It’s also pledging continued investment in local entertainment and sports programming.
Canal+ CEO Maxime Saada described the combined company as uniquely positioned in global media. The merger significantly expands Canal+’s reach beyond its European base into Africa and Asia, creating new opportunities for content investment across multiple continents.
For Multichoice and its flagship DStv service, it provides access to Canal+’s content library and financial resources while maintaining its strong position in African markets.
The integration process is just beginning, but the regulatory approval means Canal+ can start implementing its vision for the enlarged group.
