NEW YORK: Patrick Drahi’s Altice NV is considering asking Canada Pension Plan Investment Board and BC Partners to help fund a potential bid to buy cable broadcaster Charter Communications Inc, according to people with knowledge of the matter.
Considerations are at an early stage and it isn’t clear how much of an equity commitment Drahi may seek from the funds, the people said, asking not to be identified as the details aren’t public. Altice hasn’t yet formally approached BC Partners and Canada Pension about joining a bid and may decide not to proceed with an offer, they said.
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