India Conglomerate Bharti Enterprises to Buy 24.5% of British Largest Teleco Group BT for $4.1 Billion from France Billionaire Altice Group, Altice Group Has $60 Billion of Debts
16th August | Hong Kong
India conglomerate Bharti Enterprises has announced to buy 24.5% of British largest teleco group BT for $4.1 billion (GBP 3.2 billion) from France billionaire Altice Group. Altice Group has $60 billion of debts. In 2024 August, United Arab Emirates (UAE) sovereign wealth fund Abu Dhabi ADQ with $196 billion AUM (Assets under Management) announced to buy a minority stake in luxury auction house Sotheby’s for $1 billion via new share issuance. France billionaire Patrick Drahi, who had bought Sotheby’s in 2019 for $3.7 billion will also invest additional capital & remains as majority owner. Sotheby’s was founded in London in 1744. Earlier in 2024 August, United States adtech platform Outbrain ($240 million market value) announced to buy media platform Teads for $1 billion from a subsidiary of France billionaire Patrick Drahi Altice International, paying $725 million in cash with the rest in deferred cash, convertible preferred stock & common stocks of Outbrain.
“ India Conglomerate Bharti Enterprises to Buy 24.5% of British Largest Teleco Group BT for $4.1 Billion from France Billionaire Altice Group, Altice Group Has $60 Billion of Debts “
United States $240 Million AdTech Platform Outbrain to Buy Media Platform Teads for $1 Billion from Subsidiary of France Billionaire Patrick Drahi Altice International, $725 Million in Cash with the Rest in Deferred Cash, Convertible Preferred Stock & Common Stocks of Outbrain
16th August – United States adtech platform Outbrain ($240 million market value) has announced to buy media platform Teads for $1 billion from a subsidiary of France billionaire Patrick Drahi Altice International, paying $725 million in cash with the rest in deferred cash, convertible preferred stock & common stocks of Outbrain.
About Teads – Teads is a global omnichannel platform offering premium advertising solutions that drive business growth. By combining quality media, data, and creative, Teads helps advertisers reach their target audiences and optimizes monetization for publishers. With a focus on brand safety and impactful engagement, Teads ensures effective digital advertising across all channels. Teads partners with the leading marketers, agencies and publishers through a team of 1,200+ people in 50 offices across more than 30 countries.
About Outbrain – Outbrain (Nasdaq: OB) is a leading technology platform that drives business results by engaging people across the Open Internet. Outbrain predicts moments of engagement to drive measurable outcomes for advertisers and publishers using AI and machine learning across more than 8,500 online properties globally. Founded in 2006, Outbrain is headquartered in New York with offices in Israel and across the United States, Europe, Asia-Pacific, and South America.
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