Cheddar News sold by Altice USA to media company Archetype
Publishing timestamp: 2023-12-28 13:47:44
Summary
Altice USA has sold its financial news streaming service, Cheddar News, to media company Archetype, which is owned by private equity firm Regent LP. The terms of the deal were not officially disclosed, but it is structured as an "earn out" deal, meaning Altice USA will collect proceeds in the future if Cheddar meets certain performance targets. Cheddar, founded in 2016, was bought by Altice USA in 2019 for $200 million.
Sentiment: NEUTRAL
Tickers: ATUS,
Keywords: breaking news: business, television, entertainment, business news, altice usa inc, media,
Source: https://www.cnbc.com/2023/12/28/cheddar-news-sold-by-altice-usa-to-media-company-archetype.html