Big Deals: European Company to Pay $17.7B for Long Island Cable Operator
European telecommunications and cable company Altice has agreed to buy New York cable operator Cablevision for $17.7 billion, including debt, as it pursues its aggressive expansion in the U.S.
September 23, 2015 at 09:03 PM
4 minute read
European telecommunications and cable company Altice has agreed to buy New York cable operator Cablevision for $17.7 billion, including debt, as it pursues its aggressive expansion in the U.S.
Cablevision CEO James Dolan said in a statement the family-controlled company considered that “the time is right for new ownership of Cablevision.”
Altice was advised by Sherman & Sterling. The firm's New York team was led by partners Creighton Condon and David Connolly and of counsel John Madden, M&A; and included partners Doreen Lilienfeld, executive compensation and employee benefits; Michael Benjamin, capital markets; and Alan Goudiss, litigation; counsel Harold Halbhuber, capital markets; and associates Richard Fischetti and Erik Lindemann, M&A; Mark Pereira, intellectual property; Nell Beekman, executive compensation and employee benefts and international associate Orla McMahon. Also participating were Paris partner Sami Toutounji, capital markets, and London partner, George Karafotias, M&A.
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