Altice's Fund Partners to Buy $1 Billion Cablevision Stake

  • Agreement means Altice's Cablevision takeover is fully funded
  • Billionaire Drahi moves closer to completing biggest U.S. deal

Canada Pension Plan Investment Board and private-equity firm BC Partners agreed to buy a $1 billion stake in Cablevision Systems Corp., helping French billionaire Patrick Drahi finance the takeover of the U.S. company to build a cross-Atlantic cable giant.

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