# The Competition Tribunal has approved Canal-Plus (Kanaal Ploes) acquisition of MultiChoice, clearing the final regulatory hurdle. The deal includes key commitments like, boosting local ownership, supporting small, medium and micro enterprises in South Africa’s audiovisual sector, and funding local content. Canal-Plus will buy remaining shares at 125-rand each. MultiChoice’s South African operations will become a historically disadvantaged persons majority-owned entity. Canal-Plus CEO, Maxime Saada, and MultiChoice CEO, Calvo Mawela welcomed the decision as a major step in transforming and expanding Africa’s media landscape.
Canal+ acquisition of MultiChoice gets green light from Competition Tribunal