Multichoice confirmed the stake in a stock market filing but said it does not comment on individual shareholder relationships.
French media company Canal+ has taken a 6.5% stake in South Africa-based pay-TV provider Multichoice.
MultiChoice, which is listed on the Johannesburg stock exchange, disclosed the Canal+ investment in a statement on the stock exchange news service on Monday.
“As a publicly held company, MultiChoice regularly engages with its strategic partners and maintains an open dialogue with the investment community. The group’s policy is not to comment on its individual shareholders nor on its interactions with them,” the company said.
Controlled by French media group Vivendi, Canal+ is also active on the African pay-TV market. The Canal+ group has more than 20.4m subscribers worldwide, including 8.6m in mainland France.