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1. • • On 15 March 2024, Drahi announced the sale of Altice Média to Rodolphe Saadé for just over €1.5 billion, in order to pay off some of the parent company's debt, estimated at €24 billion at the end of September 2023.
     en.wikipedia.org/wiki/Patrick_Drahi

     Patrick Drahi - Wikipedia

2. People also ask

   Does Patrick Drahi own Altice?

   • Altice is owned by French telecoms tycoon Patrick Drahi who also owns Sothebys and businesses in the US, Israel and Portugal. A stake of 12% is much more than would usually be considered a passive interest in the company. The BBC understands that Mr Drahi wants to work closely with BT but that that he does not intend to make a bid for the company.

   France's second biggest telecoms firm buys 12% of BT

   www.bbc.co.uk/news/business-57425281

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   Who owns Altice UK?

   • Altice UK, the vehicle controlled by Franco-Israeli billionaire Drahi, said on Tuesday that it had lifted its stake in the former UK monopoly from 18 per cent to 24.5 per cent. Based on BT’s closing price on Monday, Drahi increased his stake by about £960mn.

   Patrick Drahi’s Altice lifts stake in BT to almost 25% - Financial Times

   www.ft.com/content/c8391f19-cd33-43a5-b68b-3f3987f82cf4

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   How did Altice buy BT?

   • The Franco-Israeli billionaire’s 24.5 per cent stake in BT was built through substantial loans and derivatives financing, allowing Altice to borrow heavily against the shares, according to people familiar with the situation and loan documents seen by the Financial Times.

   Drahi’s Altice raised more than £1bn margin loan against BT stake

   www.ft.com/content/51ae5290-e8aa-4875-b68e-a1bc36c41beb

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   How much did Drahi increase his stake in BT?

   • Based on BT’s closing price on Monday, Drahi increased his stake by about £960mn. In a short statement, Altice UK reiterated it had no plans to make an offer for BT, whose share price dipped following a mixed set of results last week but remains up more than 30 per cent this year.

   Patrick Drahi’s Altice lifts stake in BT to almost 25% - Financial Times

   www.ft.com/content/c8391f19-cd33-43a5-b68b-3f3987f82cf4

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   How did Altice raise its stake in BT?

   • Altice later used further collar financing to raise its stake in BT to almost 25 per cent in May 2023, according to one of the people familiar with the terms, who added that the group has since repaid a portion of the margin loan. Altice, BT, BNP Paribas, Citigroup, Deutsche Bank and Morgan Stanley declined to comment.

   Drahi’s Altice raised more than £1bn margin loan against BT stake

   www.ft.com/content/51ae5290-e8aa-4875-b68e-a1bc36c41beb

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   Will Drahi make a bid for BT?

   • When Altice UK raised its stake in BT to almost 25 per cent in May 2023, Drahi’s telecoms investment group said he “continues to hold management in high regard and remains fully supportive of their strategy”. It reiterated it had no plans to make a bid for the UK telecoms group but said it would reconsider this if a third party announced an offer.

   Drahi’s Altice raised more than £1bn margin loan against BT stake

   www.ft.com/content/51ae5290-e8aa-4875-b68e-a1bc36c41beb

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3. www.bbc.co.uk › news › business-57425281France's second biggest telecoms firm buys 12% of BT

   www.bbc.co.uk › news › business-57425281

   • Cached

   Jun 10, 2021 · France's second biggest telecoms group, Altice, has acquired a big stake in BT. Altice is owned by French telecoms tycoon Patrick Drahi who also owns Sothebys and businesses in the US,...

4. www.ft.com › content › c8391f19-cd33-43a5-b68b-3fPatrick Drahi’s Altice lifts stake in BT to almost 25%

   www.ft.com › content › c8391f19-cd33-43a5-b68b-3f

   May 23, 2023 · Altice UK, the vehicle controlled by Franco-Israeli billionaire Drahi, said on Tuesday that it had lifted its stake in the former UK monopoly from 18 per cent to 24.5 per cent. Based on BT’s...

5. www.bbc.com › news › business-57425281France's second biggest telecoms firm buys 12% of BT - BBC

   www.bbc.com › news › business-57425281

   • Cached

   Jun 10, 2021 · France's second biggest telecoms group, Altice, has acquired a big stake in BT. Altice is owned by French telecoms tycoon Patrick Drahi who also owns Sothebys and businesses in the US,...

6. Videos

   • 

     2:18

     bloomberg.com

     Altice's Drahi Secures $17.7 Billion Cablevision Deal - 9/17/2015

     17 Sep 2015

   • 

     1:53

     youtube.com

     Altice-Cablevision: Quadruple-Play Cable Service?

     18 Sep 2015

     15.1K views

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     1:05

     youtube.com

     Altice expands in US with Cablevision purchase

     17 Sep 2015

     1.1K views

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7. www.thisismoney.co.uk › money › marketsBharti to buy major BT stake from Patrick Drahi - This is Money

   www.thisismoney.co.uk › money › markets

   • Cached

   Aug 12, 2024 · This raised speculation that Altice, whose founder and chairman Patrick Drahi owns auction house Sotheby's, was looking to make a takeover bid for BT.

8. www.ft.com › content › 51ae5290-e8aa-4875-b68e-a1bcDrahi’s Altice raised more than £1bn margin loan against BT stake

   www.ft.com › content › 51ae5290-e8aa-4875-b68e-a1bc

   Jul 21, 2024 · Altice took out a more than £1bn margin loan against its stake in BT, in a move that underscores the risky borrowing that is now piling pressure on billionaire Patrick Drahi’s sprawling ...

9. www.reuters.com › markets › dealsIndia's Bharti to buy 24.5% stake in BT from Altice | Reuters

   www.reuters.com › markets › deals

   Aug 13, 2024 · Drahi, a Franco-Israeli billionaire who made his fortune through debt-fuelled acquisitions in the telecoms and cable businesses, spent about 4.2 billion pounds for the 24.5% stake in BT,...

10. www.bbc.com › news › business-59610775BT: Billionaire Patrick Drahi raises stake to 18% - BBC

    www.bbc.com › news › business-59610775

    • Cached

    Dec 14, 2021 · Billionaire Patrick Drahi has raised his investment in BT amid growing speculation that the telecoms giant could face a takeover bid. The Israeli-French businessman took his stake from 12% to...