CPPIB and BC Partners Back Altice’s Bid for Cablevision
Amsterdam-based Altice NV is getting financial firepower on its massive bid to buy New York-based Cablevision Systems Corporation, a cable operator. Founded in 1973 by Charles Dolan, Cablevision is one of the largest cable operators in the United States. The deal will make Altice the #4 cable operator in the United States. The French billionaire Patrick Drahi’s dream of creating a cross-Atlantic cable giant is coming true. Drahi is the founder and president of Altice. On September 17, 2015, Altice and Cablevision entered in a definitive agreement for Altice to acquire Cablevision.
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