The Competition Commission South Africa has recommended that the Competition Tribunal approve the proposed transaction whereby a French company intends to acquire MultiChoice Group with conditions.
French company, Canal, is a leading international integrated media and broadcasting company.
Canal made a bid to acquire MultiChoice Group early last year and if the bid is successful, they would need to invest close to R32 billion to acquire the remaining shares of MultiChoice Group.
This recommendation follows the commissions investigation of the merger notification received September last year.
It has approximately 26.4-million subscribers of which 17 million are outside of France.
