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Altice in deal to take over Cablevision

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Altice in deal to take over Cablevision
Wednesday, September 16, 2015 7:54 PM EDT

Cablevision has agreed to sell itself to Altice, an acquisitive European telecommunications giant, for about $17.7 billion, including debt, people briefed on the matter said on Wednesday, in the latest deal to reshape the broadband and cable television landscape.

The transaction would further realign an industry already in upheaval as cable and telecom companies seek greater scale and negotiating power with content providers.

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NYTimes.com




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