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Altice, Weill buy 95 percent of NextRadioTV

Wednesday 3 February 2016 | 09:25 CET | News
News Participation, a 51/49 joint venture between Altice and Alain Weill, has bought 95.47 percent of NextRadioTV's stock, announced financial markets AMF. Alain Weill, who is NextRadioTVs CEO, signed a tie-up agreement in July 2015 sell a stake to Altice and follow up with a public offer from the joint venture at EUR 37 per share, valuing NextRadioTV at EUR 605 million. NextRadio's TV assets include BFM TV, BFM Business and RMC. Altice has a buyout option after March 2019.

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Categories: Broadcast & Satellite
Companies: Altice Europe / Groupe News Participations / NextRadioTV / Numericable-SFR
Countries: France
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