Altice USA (ATUS) Misses Q1 EPS by 11c; Affirms Growth Outlook
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Nomura/Instinet Reiterates Buy Rating on Altice-USA (ATUS)
May 1, 2019 7:05 AM EDTNomura/Instinet analyst Gregory McNiff reiterated a Buy rating and $25.00 price target on Altice-USA (NYSE: ATUS) following the company's announced acquisition of Cheddar for $200mn in an all-cash transaction. McNiff views the acquisition as a savvy move to expand Altices advertising distribution... More
Altice USA (ATUS) Confirms Deal to Acquire Cheddar for $200 Million
April 30, 2019 12:19 PM EDTAltice USA (NYSE: ATUS), one of the largest broadband communications and video services providers in the United States, today announces that it has reached an agreement to acquire Cheddar, the digital-first news company, for $200 million. With this acquisition, Altice broadens its portfolio of high-quality news businesses by adding Cheddars innovative, digital-first, live business, general news and college network focused on young professional and millennial audiences. The transaction is expected to close in the next two months upon receipt of regulatory approval.
The Cheddar networks are available in approximately 40 million pay tv homes... More
Cheddar Was Sold to Altice USA (ATUS) for $200 Million - WSJ
April 30, 2019 12:05 PM EDTCheddar Was Sold to Altice USA (NYSE: ATUS) for $200 Million - WSJ
... More