Hints and tips:
...Despite all that, under the stewardship of new CEO Eric Swider and following an $18mn settlement with the SEC, Trump’s media empire built to rival Big Tech is finally on the brink of becoming public....
...Patrick Drahi, the billionaire founder of telecoms group Altice, said he had been shocked by a Portuguese investigation into one of the company’s top executives for potential fraud....
..., which has invested in Altice debt....
...Dexter Goei, chief executive of Altice USA, said the revised offer had followed discussions with Cogeco shareholders....
...came on to the scene with such speed that now it’s impossible to run into someone at your country club who isn’t involved in one (that analogy, alas, was truly uttered to the FT’s Richard Henderson and Eric...
...Sotheby’s has gone under the hammer for $3.7bn, ending 31 years of public ownership, with the venerable auction house sold to Patrick Drahi, the billionaire founder of telecoms group Altice....
...Mr Drahi said on Monday that he was “100 per cent committed” to Altice and that the telecom and media industries would remain his main focus....
...Quick work from Patrick Drahi, the founder of telecoms and media group Altice and the new owner of Sotheby’s, who this week brought in Altice USA’s co-president and chief financial officer, Charles Stewart...
...shares fall as Canadian rival drops bid for security group (FT) Due Diligence is written by Arash Massoudi, Javier Espinoza and Robert Smith in London, James Fontanella-Khan, Ortenca Aliaj, Sujeet Indap, Eric...
...As Patrick Drahi is to Altice — the French company with the largest exposure in the European CLO market — the Issa brothers are to EG Group....
...He joins from Altice USA, the telecoms business, and is a former Morgan Stanley banker. He replaces Tad Smith who will become a senior adviser....
...Patrick Drahi, the Franco-Israeli founder of debt-laden telecoms group Altice, has agreed to buy auction house Sotheby’s for $3.7bn....
...recuses himself from T-Mobile-Sprint merger decision (NYPost) KKR reaps benefits of restructuring as earnings top view (FT) Beyond Meat looks to raise up to $240m in upsized IPO (FT) Cable operator Altice...
...Patrick Drahi (pictured), the billionaire founder of telecoms group Altice, has agreed to buy Sotheby’s in a $3.7bn deal including debt, a 61 per cent premium to its most recent closing price....
...Like its French rivals Orange, Altice’s SFR, and Bouygues, Iliad has periodically stoked investors’ hopes for deals — namely that four players would go back down to three — ending a brutal price war....
...More than 120 have been announced this year, up nearly a fifth from year-ago levels, including Kering’s spin-off of its stake in sneaker-maker Puma and cable and telecoms group Altice’s move to dispose of...
...Koep joins from Altice, the embattled telecoms group where he has run corporate development. Before that, he was at Morgan Stanley....
...The fund manager’s clients, friends and employees enjoyed a private performance by rock star Eric Clapton. The singer departed straight after the show, leaving a pile of unsigned CDs....
...Equity investors were pleased: shares in Altice NV climbed 10.5 per cent and Altice USA was up over 9 per cent....
...The transaction is the largest from a high-yield European corporate borrower since 2014, when French telecoms group Numericable and its parent Altice raised more than €10bn across US dollar- and euro-denominated...
...The offering is going to prove a stern test of investor demand for junk paper — and the FT’s Alexandra Scaggs and Eric Platt will be covering the deal in the days ahead....
...The mystery of Deutsche Bank’s largest shareholder Goldman Sachs tried to cut its debt exposure to Altice Abraaj looks to cut its losses Abraaj, the embattled private equity fund, has offered to resign...
...turns heat up on Whitbread as it builds stake (FT) SoftBank among bidders considering to buy Tronc (Axios) Goldman buys personal finance app Clarity Money (FT) Bouygues weighs bid with co-investors for Altice...
...Michel Combes, Sprint’s chief financial officer, who previously worked as chief executive of Dutch-based Altice, will take over as chief executive of Sprint....
...(FT) The Altice way of doing business: As the French cable company gets ready to launch its $20bn initial public offering in the US, Altice’s practice of charging management fees to its subsidiary groups...
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