South Africa's Competition Tribunal has approved Canal+'s 35 billion rand ($2 billion) takeover offer for TV broadcaster MultiChoice , subject to agreed conditions, the companies said on Wednesday.

“The approval by South Africa’s Competition Tribunal marks the final stage in the South African competition process and clears the way for us to conclude the transaction in line with our previously communicated timeline,” said Maxime Saada, CEO of Canal+, which listed in London earlier this year.”

In a move that is set to reshape the African entertainment landscape, French media giant Canal+ has successfully acquired South Africa-based MultiChoice