Canal+ Said to Explore Buying Out Comcast’s Stake in African Streaming Platform

Canal+ SA is studying the possibility of buying out the remaining stake in African streaming platform Showmax from Comcast Corp., people familiar with the matter said, as the French media firm looks to consolidate its operations in the continent.

The London-listed company is working with advisers on the potential purchase of Comcast’s 30% stake in Showmax, which is the largest streaming platform in Africa, said the people, who asked not to be identified as the information is private. MultiChoice Group Ltd., controlled by Canal+, owns the rest of Showmax.