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Patrick Drahi Teams Up With Weill on $670 Million NextRadioTV Offer

French telecom billionaire broadens his media holdings

French Tycoon Patrick  Drahi locks horns with ‘Mentor’ Malone for Time Warner Cable

French-Israeli tycoon Patrick Drahi and the controlling shareholder of NextRadioTV, Alain Weill, agreed to create a joint company in which Mr. Weill would control a 51% stake and Mr. Drahi the rest, according to Mr. Drahi’s holding company, Altice SA.

Since Altice’s 2014 initial public offering, Drahi has become one of Europe’s most acquisitive telecommunications companies. Drahi now is in the process of converting Altice into a new entity to gain a new stock for bigger takeovers.

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Among Drahi’s media assets are 7 magazines including France’s L’Express and L’Expansion and 124 News TV.

Alain Weill founded NextRadioTV about 10 years ago and owns television and radio stations specialized in news and sports. His BFMTV, last month was among France’s 15 most watched TV channels with a 2 percent share of the national audience.

NextRadioTV and Altice to accelerate the development of multimedia projects in both France and other international markets. In a first step, Mr. Weill’s current stake in NextRadioTV representing 37.77% of economic rights and 48.59% of voting rights2 will be transferred to this new Company.

This new Company will then launch in a second step a voluntary tender offer for 100% of NextRadioTV share capital at a price of 37 euros per share3 , representing a premium of 30.5% to the last-6-months volume weighted average share price4 .

The closing of the tender offer is expected by the end of 2015.

Through this new partnership, Mr. Weill will ultimately become a 24% shareholder of a subsidiary of Altice dedicated to investments in media companies, with an on-going focus on international diversification outside of France, where growth and consolidation opportunities are numerous. Mr. Weill will join Altice’s Executive Committee as Managing Director of Altice Media responsible for all the media activities of Altice.

Patrick Drahi



Patrick Drahi, known to some as the “cable cowboy, ” is

going to buy seven magazines from Belgian-based Roularta

Media Group, as reported by Reuters. Drahi, founder of Altice,

won out over Vivendi More…


– The site, next to Neve Tzedek, is the location of the Rabbi Kook

Synagogue. – – Billionaire Patrick Drahi, who controls HOT

Telecommunication Systems Ltd. (TASE: HOT), and who was

recently ranked the wealthiest More…


One week ago Patrick Drahi’s Altice and its French cable unit, Numericable,

launched a series of major Eurobond issues, with various tranches

denominated in both US$ and Euros, to raise money to pay More…

Advertisement. Scroll to continue reading.

On Saturday, we heard from the giant French media and entertainment

company Vivendi that its Supervisory Board had approved the acquisition

of its SFR mobile telephony subsidiary byPatrick Drahi’s More…


French international media and entertainment Vivendi has received a

new offer from rival telecom firm Bouygues for its SFR mobile phoneunit.

Just one week ago the Vivendi board had come down in favour More…

patrick Drahi

Patrick Drahi Versus Bouygues Bids For SFR : Vivendi Board Meets Today To

Decide Between Them Some of the details of Patrick Drahi’s bid for Vivendi’s

mobile phone unit Société francaise de radiotéléphone,  More…

patrick Drahi

Patrick Drahi’s telecommunications empire got a boost just over a month ago

with the success of the IPO on Amsterdam Euronext Exchange of his

Luxembourg company Altice which holds his most important More…


– Patrick Drahi: I don’t understand the regulatory logic that allows

Al-Jazeera to be aired in Israel, but blocks Israeli news.

Hot Telecommunication Systems Ltd. (TASE: HOT.B1) owner Patrick Drahi has More…

Patrick-Drahi-  front

Shares in Patrick Drahi’s cable and mobile telecoms company

Altice are now trading on the Euronext Exchange in Amsterdam

following the success of its planned IPO this morning. After More…



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