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Telecom billionaire Drahi to buy Cablevision in US$17.7b deal

Acquisition vaults Europe's Altice into league of major pay-TV players in a rapidly consolidating market

Published Thu, Sep 17, 2015 · 09:50 PM

New York

ALTICE NV, billionaire Patrick Drahi's European cable operator, agreed to acquire Cablevision Systems Corp in a US$17.7 billion deal to create the fourth-largest cable provider in the US.

Shareholders of Cablevision will receive US$34.90 a share in cash, or 22 per cent more than the stock's last close in New York. Altice will financ…

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Companies & Markets

Telecom billionaire Drahi to buy Cablevision in US$17.7b deal

Consumer & Healthcare

Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece

P&G raises annual core profit forecast on resilient demand, price hikes

Cordlife calls for trading halt after shares sink to all-time low, pending announcement

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

Swiss watch exports plunge as China and Hong Kong demand dries up

Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO

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