Charter Communications Considers Acquisition of Altice USA

Charter Communications Inc. is considering acquiring Altice USA Inc., causing Altice USA’s stock to surge by 63%. With over $25 billion in debt, Altice USA serves nearly 5 million customers across 21 states. Charter is evaluating the potential benefits of the acquisition, but it is uncertain whether a formal approach has been made. Both companies declined to comment on the matter. These developments coincide with billionaire Patrick Drahi’s indication that every segment of his Altice empire is available for sale.