Vivendi-backed Canal+ completed the acquisition of the remaining 65% stake in MultiChoice for $1.9bn.

Vivendi-backed Canal+, a French media and telecommunications conglomerate, completed the acquisition of the remaining 65% stake in MultiChoice, a South African pay-TV company, for $1.9bn. “Today marks an important step forward for Canal +, as we begin to integrate MultiChoice to create a group with enhanced scale, reach and creativity. Our combined company is unique, a true global media and entertainment powerhouse, serving more than 40mn subscribers across close to 70 countries. This combination increases our ability to invest in creative and sporting content throughout Europe, Africa and Asia,”commented Canal+ CEO Maxime Saada., Canal+ CEO.