Home / FINANCE / Markets / A French businessman is vigilant on a multi-billion dollar dealmaking debauch in a US

A French businessman is vigilant on a multi-billion dollar dealmaking debauch in a US

Patrick DrahiReuters/Philippe Wojazer

Patrick Drahi, a billionaire owner of Dutch telecoms association Altice, is behind on a merger trail.

The communications giant, that lifted $1.9 billion in an IPO of a US arm progressing this summer, is reportedly weighing a bid for Charter Communications.

After shopping Cablevision for $17.7 billion final year to turn a 4th largest wire provider in a country, Altice USA could arise to series 3 with an merger of Charter, usually behind Time Warner and Comcast.

Back in Europe, Altice has fast bought adult competitors like France’s SFR and Portugal’s PT. Last month, Altice bought Dutch video ad tech startup, Teads, for $307 million.

“My prophesy is to do a same in a U.S., though bigger,” Altice CEO Drahi told a Wall Street Journal back in 2015, and so distant it looks like things are operative out.

Here’s all we need to know about a billionaire behind some of a biggest telecom deals of this decade.

Note: Lucinda Shen contributed to an progressing chronicle of this post. 

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