Altice USA in talks to sell Cheddar News to private equity firm Regent
Publishing timestamp: 2023-12-11 12:51:41
Summary
Altice USA is in discussions to sell its financial news streaming service, Cheddar News, to private equity firm Regent LP. The deal is still in the early stages, and the structure of the transaction is being discussed. One potential structure involves Altice USA participating in Cheddar's future performance through an earn-out structure, where Altice USA would receive proceeds based on Cheddar meeting certain performance targets. Altice USA acquired Cheddar in 2019 for $200 million.
Sentiment: NEUTRAL
Keywords: media, altice usa inc, technology, business news, charter communications inc, comcast corp, breaking news: business, business,
Source: https://www.cnbc.com/2023/12/11/altice-usa-in-talks-to-sell-cheddar-news-to-private-equity-firm.html