Shares of Altice USA, Inc. (ATUS) surged over 18% on Tuesday morning amid reports suggesting that Charter Communications is considering a takeover of the company.
(Bloomberg) Saudi Telecom Co. and French telecom billionaire Xavier Niel’s Iliad SA are among suitors that have progressed in the bidding for Altice’s Portuguese assets, according to people with knowledge of the matter. Most Read from BloombergBiden’s Attempt to Address Memory Issue Backfires With New GaffeChina’s Property Crisis Is Starting to Ripple Across the WorldA 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on China‘Big Round Number’ for S&P 500 Fuels More Gains: Markets WrapNew Yo
(Bloomberg) Billionaire Xavier Niel has expressed interest in buying the Portuguese operations of Patrick Drahi’s Altice telecommunications empire, according to people with knowledge of the matter, joining a Saudi phone company and private equity firms in the contest.Most Read from BloombergThe Late-Night Email to Tim Cook That Set the Apple Watch Saga in MotionChinese Carmaker Overtakes Tesla as World’s Most Popular EV MakerTesla Plans Revamp of Smash Hit Model Y From China PlantApple’s iPho