Vivendi-backed Canal+ to acquire the remaining 65% stake in MultiChoice for $1.9bn.

Vivendi-backed Canal+, a French media and telecommunications conglomerate, agreed to acquire the remaining 65% stake in MultiChoice, a South African pay-TV company, for $1.9bn. If the deal materializes, it will establish a pan-African broadcasting giant with the capability to showcase African content to global audiences and compete on the international stage.