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-- 119.210 Altice Shares Climb 50% Amid Reports Charter is Mulling Takeover of Rival
$Altice USA (ATUS.US)$ shares climbed more than 50% after Bloomberg reported that Charter Communications is working with advisers on pursuing a takeover of its smaller rival.
Charter Communications is exploring the takeover of Altice, as competition for broadband customers intensified, Bloomberg reported, citing people familiar with the matter. Charter and other cable providers are losing customers as they flee in favor of streaming services, according to the report.
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Luzi Ann Santos
Moomoo Senior News and Community Manager
Former editor at Bloomberg, ex-commentary editor at Lazard. Posts aren’t investment advice. Views are just mine.
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