The deal will see NextRadio chief Alain Weill become the chief of Altice’s TV and media division, Altice Media, and take a 24% holding in that unit.
The deal values NextRadio at about €600 million and gives Altice a minority share, but with the possibility of taking full control at a later date.
Altice,which is owned by Franco-Israeli billionaire Patrick Drahi, recently acquired US cabler Cablevision in a US$17.7 billion deal. It has also been moving more heavily into TV, recently launching the Zive SVOD service in France.
DTVE: the week in view – The live-streaming revolution digitaltveurope.com/comment/the-li… https://t.co/n0rpplLxHP
07 March 2021 @ 20:00:00 UTC
ICYMI: APAC OTT market at ‘critical mass’ with 392 million users digitaltveurope.com/2021/03/05/apa… https://t.co/HnAyVDkBIi
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Join us March 23 as we return with the DTVE Digital Symposium 2021
Learn about how to optimise Android TV with… twitter.com/i/web/status/1…
07 March 2021 @ 14:00:01 UTC
Digital TV Europe’s sixth annual survey once again provides a unique snapshot of industry executives’ views on the… twitter.com/i/web/status/1…
06 March 2021 @ 15:00:02 UTC