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.

Canal+’s long-running takeover of African content giant MultiChoice has moved a step closer. The South African Competition Tribunal has approved the deal, subject to “agreed conditions,” which include maintaining local funding for South African general entertainment and sports content and providing local creators with opportunity.