Altice got three more bidders for Teads


Three investment companies are interested in a takeover of the Altice Europe branch Teads. Last month, reports emerged that the French telecom and cable company is considering divesting its video advertising service. Cinven, Permira and Bridgepoint would be interested, reports Bloomberg news agency based on insiders.

Several parties would have already made an early bid for Teads. Their value varies from 1 billion euros to 1.6 billion euros, according to the sources who want to remain anonymous. Teads managers may want to retain a 20 percent stake in the company. The next bidding round will close on 5 August.

The sale of Teads fits in with Altice’s policy, which wants to do something about its large debt mountain of more than 30 billion euros. Earlier, interests in telephone poles in France and Portugal were sold, as well as fiber optic networks in their own country.

By: Abaigael Schlomski

Abaigael Schlomski is an accomplished economist and financial journalist with over a decade of experience in the industry. He is a regular contributor to EconomicInform, where he provides in-depth analysis and expert commentary on the latest economic trends and events. With a keen understanding of the financial markets and a talent for breaking down complex economic concepts for a general audience, Maurice is a trusted and respected voice in the field.

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