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Drahi Offers $3 Billion to Take Europe Phone Empire Private

  • Heavy debts at Altice Europe have made for volatile shares
  • Move could help billionaire focus on American expansion
Patrick Drahi
Patrick Drahi

Photographer: Eric Piermont/AFP via Getty Images

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Billionaire Patrick Drahi is offering 2.5 billion euros ($3 billion) to take Altice Europe NV private after a roller-coaster ride for the French phone company’s equity investors.