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Canal+ Seals MultiChoice Takeover with New CEO and Board Announcements
Canal+ seals the deal to take over MultiChoice with new CEO, marking a big moment in the media world. This takeover, worth $3.17 billion, brings new leadership and a fresh start for the South African company. Canal+ has appointed David Mignot as the new CEO for its African operations, making him lead the combined business after the acquisition. This change is one of many adjustments made to the board and management to help the two companies work well together.
With the Canal+ MultiChoice takeover now official, Nicolas Dandoy steps in as the Chief Financial Officer (CFO) for the whole Canal+ group. Maxime Saada will be the executive chairman of the new group, while Jacques du Puy joins the board as an executive director. These moves come as Calvo Mawela, who was previously the CEO of MultiChoice, steps down from that role but stays involved as the chairman for Canal+ in Africa. Timothy Jacobs, the former CFO at MultiChoice, also moves to a new senior finance role in the merged company.
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This new leadership team aims to keep a good mix of local knowledge and global experience. The board now includes the new Canal+ executives plus independent members like Elias Masilela and Kgomotso Moroka to balance things out. Canal+ already holds 46% of MultiChoice’s shares and expects to own more as more shares are accepted under its takeover offer. Importantly, it has been promised that customers of MultiChoice won’t see any changes to their subscription or payment terms for now.
Canal+ seals MultiChoice takeover with a goal to improve how content is delivered across Africa and beyond. They plan to make their streaming services like Showmax and DStv stronger by sharing content and working more closely. With Canal+’s big global library and MultiChoice’s local reach, the combined group hopes to offer more exciting shows and sports while running efficiently and following local rules.
The companies say the new board and management team will lead the push for growth that lasts and a better viewing experience for African audiences. They also promised to keep working with regulators and other partners as they merge their businesses. A full update on their strategy and plans is expected early in 2026.
On top of these business moves, Canal+ and MultiChoice have promised to help South African small businesses, especially those owned by historically disadvantaged groups. They will keep funding local entertainment and sports content to support the creative community in the region.
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Together, Canal+ and MultiChoice now serve over 40 million customers across almost 70 countries in Africa, Europe, and Asia, with a workforce of around 17,000 employees. This takeover makes Canal+ a major player in African media and brings fresh energy and resources to MultiChoice.
In summary, Canal+ seals MultiChoice takeover with new CEO not just as a big financial deal but as a step toward building a media group with wide reach and strong local ties. The new leadership and board are ready to guide this big company into a future of growth, better services, and exciting new shows for millions of people across Africa and other continents. This deal will change Africa’s media landscape and set the stage for new opportunities in entertainment for years to come.
Canal+ MultiChoice takeover proves that combining local expertise with global strength can bring great benefits for customers and creators alike, promising a bright future in the fast-growing African pay-TV market.
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