As we announced a few days ago, the Canal+ group announced on Monday the acquisition of South African television and streaming giant Multichoice, following an acquisition process that now makes it a major player in the African audiovisual sector.
This announcement is the culmination of a two-year process, every stage of which we have covered in Adweknow.
The CANAL+ group now has more than 40 million subscribers, over 60% of whom are in Africa, which remains one of the world's most dynamic markets for pay TV.
Following this takeover, the MultiChoice group's board of directors welcomes four new directors, including David Mignot, CEO of Canal+ Africa, and Nicolas Dandoy, CFO of Canal+ Africa.
Maxime Saada, CEO of Canal+, becomes chairman of Multichoice, and David Mignot becomes executive managing director of Multichoice.
Calvo Mawela, outgoing CEO of the MultiChoice Group, has been appointed president of Canal+'s African operations, including MultiChoice.
Timothy Jacobs, MultiChoice's outgoing CFO, will retain a senior position within the new group's finance department.