Multichoice will officially delist from the JSE this week following its acquisition by French media giant Canal+. <\/p>\n\n\n\n
Canal+ has been attempting to acquire control of Multichoice for nearly two years and has now acquired all the remaining shares following a Squeeze-Out of other shareholders.\u00a0<\/p>\n\n\n\n
The group will not delist the ordinary shares of Multichoice from the JSE and the A2X, effective Wednesday, 10 December 2025.\u00a0<\/p>\n\n\n\n
This is subject to obtaining regulatory approvals from the JSE, the A2X, and the South Africa Reserve Bank.\u00a0<\/p>\n\n\n\n
Cana;+ said it remains committed to fulfilling its obligations under the conditions set by the South African competition authorities.\u00a0<\/p>\n\n\n\n
It thus intends to proceed with a secondary inward listing on the JSE within 9 months following the effective date of the delisting.<\/p>\n\n\n\n
This aligns with the timetable and procedures envisaged in the relevant regulatory approvals.<\/p>\n\n\n\n
The move marks a major change for Multichoice, with the company\u2019s history dating back to 1985, when M-Net was founded. <\/p>\n\n\n\n
With Supersport part of its catalogue, Multichoice was launched in 1995. DStv launched its first satellite service that same year. <\/p>\n\n\n\n
The company would continue to expand into other African markets and launch its own streaming service, Showmax, in 2015. <\/p>\n\n\n\n
In 2019, Multichoice was spun out of South Africa\u2019s most valuable company, Naspers.\u00a0<\/p>\n\n\n\n
Soon after, its shares began trading on the A2X Markets on a secondary basis on Monday, March 2, 2020<\/p>\n\n\n\n
The recent acquisition by Canal+ means that South African investors can no longer own a direct stake in Multichoice, and will only be able to own an indirect stake when Canal+ lists.<\/p>\n","protected":false},"excerpt":{"rendered":"
Multichoice will officially delist from the JSE this week after Canal+ successfully squeezed out the remaining shareholders. <\/p>\n","protected":false},"author":95,"featured_media":840997,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[78,175,1253],"class_list":["post-845817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-telecommunications","tag-dstv","tag-jse","tag-multichoice"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/845817","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=845817"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/845817\/revisions"}],"predecessor-version":[{"id":845822,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/845817\/revisions\/845822"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/840997"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=845817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=845817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=845817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}