dChan - Q Origins Project Archive

Altice USA, Inc sold by Patrick Drahi-founder: $92.63m-September 3

Next Alt S.a r.l. ("Next Alt") is a personal holding company of Mr. Drahi, who is its controlling shareholder. Whale sale and noted for who it is as it doesn't really fit into the moar than 10% "rule".

Has approximately 38m shares registered for sale after this sale and this will likely continue.

This after a sale of $424.52m on June 22, 2020-link below for the history

Altice USA, Inc. is engaged in providing broadband communications and video services in the United States. The Company's segments include Cablevision and Cequel. Cablevision provides broadband, pay television and telephony services to residential and business customers in and around the New York metropolitan area. Cequel provides broadband, pay television and telephony services to residential and business customers in the south-central United States. It also provides services through ten states of Texas, West Virginia, Louisiana, Arkansas, North Carolina, Oklahoma, Arizona, California, Missouri and Ohio. The Company also provides Wi-Fi hotspot access content and advertising services. Broadband provides services, such as video streaming, content downloading for time-shifted video consumption and other applications delivered over OTT platforms. Pay Television provides services through cable network. Video services delivered over DSL networks. Number of employees : 10 700 people.

https://www.marketscreener.com/quote/stock/ALTICE-USA-INC-35868272/company/

Patrick Drahi is a French-Israeli billionaire businessman with French, Portuguese, and Israeli citizenship, living in Switzerland since 1999. He is the founder and controlling shareholder of the European based telecom group Altice, listed on the European Euronext Stock Exchange. In 2013, Drahi founded the international news channel i24news. This channel is based in Israel, and broadcasts in French, Arabic, and English. Drahi later became the owner of French cable operator Numericable. In 2013, Drahi bought SFR, the second largest mobile phone and internet provider in France, from media conglomerate Vivendi. Drahi and his group Altice entered the American telecommunications market in 2015 by purchasing a 70 per cent stake in Suddenlink Communications, the seventh-largest cable company in the US. Suddenlink is valued at $9.1 billion. In 2015, Drahi bought Cablevision from the Dolan family, renaming it Altice USA with its flagship brand Optimum being the fifth-largest cable operator in the USA. Drahi owns the Israeli cable television company HOT. In June 2019, Sotheby's announced it was being acquired by Drahi at a 61% market premium.

REAL TIME NET WORTH-$10.3B as of 9/8/20 -$233 M or 2.21%

https://www.forbes.com/profile/patrick-drahi/#7355519d6f9e

https://en.wikipedia.org/wiki/Patrick_Drahi

https://www.finviz.com/insidertrading.ashx?oc=1709662&tc=7&b=2