French media giant Canal+ acquires MultiChoice in $3 billion deal, gains full control of DStv, GOtv
French media giant Canal+ Group has completed a $3 billion deal to acquire the remaining 55% of MultiChoice Group, securing full ownership of the continent’s largest pay-TV operator and its popular platforms, DStv and GOtv. The acquisition, approved by the South African Competition Tribunal, marks a watershed moment in Africa’s broadcasting industry, giving Canal+ access […]
FCCPC Sues MultiChoice Over Subscription Price Hike
The Federal Competition and Consumer Protection Commission (FCCPC) has instituted a legal action against MultiChoice Nigeria Ltd., and its Chief Executive Officer, Mr John Ugbe, for violating regulatory directives. In a statement yesterday, it revealed that the company was also charged for obstructing an ongoing inquiry and engaging in conduct that the Federal Competition and […]
Price Hike: FCCPC Summons MultiChoice, Warns Against Exploitation
The Federal Competition and Consumer Protection Commission (FCCPC) has summoned MultiChoice Nigeria to explain its proposed subscription price increase, set to take effect on March 1, 2025. Exercising its mandate under Sections 32 and 33 of the FCCPA, the FCCPC directed the Chief Executive Officer of MultiChoice Nigeria to attend an investigative hearing at the Commission’s […]