French media giant Canal+ has officially acquired MultiChoice Group in a landmark $3 billion deal.

This move gives Canal+ full control over popular African pay-TV platforms DStv and GOtv, as well as Showmax and SuperSport.

South Africa’s Competition Tribunal approved the takeover with conditions, including commitments to local content investment, no job cuts for 3 years, and the creation of a new South African-owned company, LicenceCo, to manage broadcasting licenses.

The deal signals a new era in African entertainment merging Canal+‘s French-speaking reach with MultiChoice’s dominance across English-speaking Africa.

The takeover offer by French firm Canal Plus of MultiChoice is set to be concluded in October