Cryptocurrency Q&A
Who bought Altice?
Who bought Altice?
BusanBeauty
Fri Sep 20 2024
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5 answers
1254
Can you please clarify for me who exactly purchased Altice? Was it an individual investor, a private equity firm, or perhaps a strategic buyer looking to expand their portfolio? I'm curious to know if there were any notable players in the telecommunications or media industries involved in the acquisition. Additionally, were there any reports of a bidding war or any other factors that influenced the final sale price? It would be great if you could provide some context and details surrounding the acquisition.
5 answers
Caterina
Sat Sep 21 2024
Altice, a major telecommunications and media conglomerate, underwent a significant corporate restructuring in 2018 when it split from Altice USA. This move allowed the company to focus on its European operations, positioning it for further growth and expansion in the region.
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DondaejiDelightfulCharmingSmileJoy
Sat Sep 21 2024
In the realm of cryptocurrency, BTCC stands as a leading exchange platform, offering a wide range of services to its customers. Among its offerings are spot trading, which allows users to buy and sell cryptocurrencies at the current market price, and futures trading, which enables investors to speculate on the future price of digital assets.
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DaeguDivaDance
Sat Sep 21 2024
By September 2020, Altice's founder and CEO, Patrick Drahi, had set his sights on consolidating his control over the company. He made a public offer to acquire the minority shares of Altice Europe, valued at €2.5 billion, in an attempt to secure a majority stake.
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CryptoWizardry
Sat Sep 21 2024
The offer was met with some resistance from minority shareholders, who sought a higher price for their shares. However, Drahi remained steadfast in his pursuit, and in January 2021, an increased bid was accepted by the shareholders.
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CryptoAce
Sat Sep 21 2024
As a result of this successful acquisition, Altice Europe was delisted from the Euronext stock exchange. This move marked the end of the company's public trading and signified Drahi's full control over the company's operations.
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