Tag: Patrick Drahi

  • Altice to Spin Off U.S. Unit

    Altice NV will spin off its U.S. unit, letting billionaire Patrick Drahi maintain control of both companies while he pursues a turnaround plan for the debt-laden European operation. Altice’s 67 percent stake in Altice USA Inc. will be distributed to shareholders by the end of the second quarter, the companies said Monday in a statement. […]