In September 2014 the investment firm acquired a majority stake in M7, from an investor group led by Providence Equity Partners. M7 is owned by private equity firm Astorg Partners. At the end of the transaction, the Canal+ Group will hold almost 20 million subscribers worldwide, including 12 million in Europe. Between them the operations have 3 million subscribers to hybrid satellite / OTT Pay TV packages with 800,000 subscribing to an basic access package. M7 has operations in Belgium (TV Vlaanderen and TéléSat), the Netherlands (CanalDigitaal and ), Austria (HD Austria), Skylink in the Czech Republic and Slovakia, Hungary and Romania, and M7 Germany in Germany.
This major acquisition would allow us to reinforce our distribution capacity and to spread more widely the contents of our catalog and our numerous production activities in Europe.” Our global subscriber base will have almost doubled in five years, with a clear acceleration since 2015. The operation would allow Canal+ Group to approach the 20 million subscribers worldwide.
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Maxime Saada, Chairman of the Canal+ Group Executive Board, said: “We are particularly pleased with this acquisition project achieved thanks to Vivendi’s full support. In a statement, Canal said the acquisition price would be set at just over €1 billion, based on a turnover of more than €400 million. Canal+ has acquired the Luxembourg-based M7, which operates a series of independent pay-TV platforms across the Benelux and Central Europe.
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