18 MAR 2022

Canal+ finalizes SPI International acquisition

The company now owns a 70% stake of the global media group. The approval was confirmed after the companies received approval from all involving competent authorities in all European jurisdictions.

null

Loni Farhi & Berk Uziyel (Founder and Chief Executive Officer of SPI)

Share

Canal+ Group has now completed its integration with SPI International. "Canal+ Group is pleased that SPI International will continue their worldwide expansion while developing their operations in a way that benefits the entire group," the press release said. The company now owns 70% of the company. The acquisition was confirmed following the approval from all involving competent authorities in all European jurisdictions.

Canal+  will benefit from the global media group's significant presence in Europe with extensive experience in content distribution and worldwide broadcasting. SPI will also help strengthen Pay TV offers in all European markets and develop new ranges of services for the benefit of customers worldwide.

CANAL+ Group has now established its footprint across Europe, Africa, and Asia. The company currently has 23.7 million subscribers worldwide, including 9 million in mainland France. 

Canal+ Group is pleased that SPI International will continue their worldwide expansion while developing their operations in a way that benefits the entire group.” Canal+ Group

Related News