Altice $17.7 billion acquisition of Cablevision Systems

Overview:

• Altice has acquired Cablevision Systems in a $17.7 billion deal.
• Altice is a telecommunications provider that is based in Luxembourg.
• The purchase makes Altice the number four cable television source in the US.
• The transaction figure includes the assumption of Cablevision's debt.
• Shearman & Sterling (Creighton Condon, David Connolly, Michael Benjamin, Sami Toutounji, George Karafotias) was lead counsel for Altice.
• Covington & Burling (Mace Rosenstein, Yaron Dori) and Mayer Brown (Laurent Borey, Olivier Parawan, Jason Bazar, Lee Morlock) also advised Altice.
• Ropes & Gray (Michael Kazakevich), De Brauw Blackstone Westbroek (Martin van Olffen, Joost Schutte), and Morris Nichols Arsht & Tunnell provided additional counsel for Altice.
• Sullivan & Cromwell (Joseph Frumkin, John Mead, Melissa Sawyer, Robert Downs, John Estes) was lead counsel for Cablevision.
• Mintz Levin Cohn Ferris Glovsky & Popeo and Richards Layton & Finger were additional counsel for Cablevision.
• Debevoise & Plimpton (Richard Bohm, Michael Diz, Peter Furci, Gary Kubek, Elizabeth Pagel Serebransky, William Regner) advised the Dolan family, who founded Cablevision. 

Kurt Stumpo - Journalist - North America and the Caribbean