French media giant Canal+ builds up stake in DStv owner to above 30%

MultiChoice announced that French media company Groupe Canal+ SA had increased its stake in the company to 30.27%.

Canal+ is the pay-TV arm of French media giant Vivendi, which has interests in television, film, video games, book publishing, and video hosting.

Over the last thirty months, Canal+ gradually increased its stake in MultiChoice – from 6.5% in October 2020 to its current level of over 30%.

Like MultiChoice, the Paris-headquartered Canal+ has a large footprint in Africa. The Canal+ Afrique pay-television offering is popular in Francophone countries in central and west Africa, and had 6.56 million subscribers at the end of June on the continent, out of a total of 23.9 million.

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