It follows last September’s announcement to spin off the pay-TV division; Showmax and Irdeto will also be a part of the new entity.
Multichoice currently reaches close to 14 million households in 50 countries through digital satellite and terrestrial television.
Naspers says the planned listing and unbundling of MultiChoice Group reinforces the commitment of both MultiChoice Group and Naspers to broad, socio-economic transformation in South Africa.
Bob van Dijk, Naspers Chief Executive Officer, said: “MultiChoice Group is a pioneer in video entertainment across Africa and we are extremely proud to have built this company into a major success from the time when it was founded over 30 years ago.
“The strength of the company’s leadership team, alongside its compelling content, world-class technological capabilities and attractive financial profile means that it is very well positioned for future growth in an evolving sector on the African continent.”
Naspers will continue to operate in local e-commerce and consumer internet companies across classifieds, etail, payments, and online food delivery, as well as Media24.