South Africa's Competition Commission recommended France's Canal+ takeover of pay TV broadcaster MultiChoice Group be approved with conditions, clearing a major hurdle on Wednesday.

The Competition Commission has given the green light to Canal+’s acquisition of MultiChoice, imposing crucial conditions aimed at job protection, increased black ownership, and local content ...

MultiChoice and Canal+ have issued a joint statement welcoming the CompCom’s approval of the deal. “The recommendation from the Competition Commission is a key step forward towards the ...