Cablevision to be acquired by Altice22percent
European communications company, Altice, has entered into an agreement to acquire US cable company, Cablevision. Altice will pay $34.90 per Cablevision share in cash and will finance the remaining balance, in a deal worth $17.7 billion. The acquisition comes during a time in which the US cable industry has been very active in mergers and acquisition deals so far in 2015. Altice founder, Patrick Drahi, is a billionaire former understudy to John C. Malone and has . . .
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