European Biz Buys Cablevision for $17B

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48083107European telecom giant Altice is buying Cablevision for $17.7 billion as part of its expansion into the U.S. market. The purchase consists of a mix of cash and stock, and includes the company’s debt, for Cablevision’s more than three million customers.

The European company paid a 22 percent premium over Cablevision’s share price. Read more.

{Andy Heller-Matzav.com Newscenter}

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