MultiChoice to Delist from JSE After Canal+ Acquisition

Pay-TV giant MultiChoice Group will be officially delisted from the Johannesburg Stock Exchange (JSE) on December 10, 2025, upon finalization of its takeover by French media company Canal+.

The announcement was released by the company in a notice to shareholders confirming that trading on its shares on both the JSE and A2X will come to an end on October 27, 2025, prior to the final delisting date.

Canal+ Reaches 90% Ownership ThresholdVivendi-owned Canal+ recently acquired over 90% of MultiChoice shares — something which gives it control under Section 124(1) of the Companies Act of South Africa to compulsorily purchase any remaining shares.

All remaining shares will be purchased on same terms and offer price as indicated at bid for takeover, according to the company’s filing.

“Other MultiChoice shareholders are also reminded to exercise their rights under Section 124(2) of the Companies Act to apply to a competent court within 30 business days after they have been served with the notice,” said the statement.

Subject to no objection, Canal+ would implement the compulsory acquisition within six weeks after the notice period expires, leaving behind MultiChoice as a subsidiary of the French company.

MultiChoice Exits the JSE After Six Years

The delisting will end MultiChoice’s six-year run on the JSE. The company first went public in 2019 after its separation from Naspers, a move that once symbolised South Africa’s growing digital media ambitions.

Canal+’s full acquisition now signals a new chapter for MultiChoice, as the company integrates into Vivendi’s broader media ecosystem — a shift expected to reshape Africa’s pay-TV landscape in the coming years.