LONDON: Canada Pension Plan Investment Board and private-equity firm BC Partners are in talks to acquire more than US$1bil in Cablevision Systems Corp shares as part of Altice NV’s takeover of the US cable provider, according to people familiar with the matter.
The amount hasn’t been finalised and a deal could still fall apart, the people said, asking not to be identified because the negotiations are confidential. The two investors have an option to buy as much as 30% of Cablevision’s equity as part the US$17.7bil sale of the cable company to Altice, billionaire Patrick Drahi's investment vehicle.