Altice to Buy Cablevision for $17.7 Billion

Updated on
  • Agreement at $34.90 a share represents 22 percent premium
  • French billionaire would accelerate U.S. pay-TV expansion

Altice NV, Patrick Drahi’s European cable operator, reached an agreement to buy Cablevision Systems Corp., according to people with knowledge of the matter, accelerating the company’s expansion in the U.S.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.