Category Archives: Altice

Altice USA buys digital news network Cheddar for $200M

Cable television provider Altice USA has confirmed plans to pay $200 million for the millennial-focused, digitally native news network Cheddar in an all-cash, or all-cheddar, rather, deal. The price tag comes at a 25 percent premium to the media startup’s $160 million Series D valuation. Jon Steinberg, the co-founder and chief executive officer of Cheddar and former president and chief operating officer of BuzzFeed, will become president of Altice News. Altice, an existing Cheddar investor, plans to leverage Cheddar’s broadcasts and CheddarU, a growing network of 1,600 […]

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Altice to acquire majority stake in OTT startup Molotov

Telecom company Altice is about to close a significant investment in French startup Molotov — the two companies have entered into exclusive negotiations. While terms of the deal are undisclosed, Altice is investing a large sum of money and should end up with a majority stake in Molotov — it’s more like a fundraising round than a traditional acquisition. “We’re doing a 60/40 deal,” Molotov co-founder and CEO Jean-David Blanc told me. “Altice is taking 60 percent of Molotov. Existing investors remain shareholders and are even putting […]

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