Debevoise Advises Dolan Family in $17.7 Billion Sale of Cablevision to Altice

17 September 2015

Debevoise & Plimpton LLP is advising the Dolan Family, controlling stockholders of Cablevision Systems Corporation (“Cablevision”), in Cablevision’s sale to Altice for $34.90 per share in cash for Cablevision Class A and Class B shares. The transaction is expected to close in the first half of 2016, subject to regulatory and other customary approvals.

Cablevision Systems Corporation (NYSE: CVC) is a leading media and telecommunications company, serving millions of households and businesses throughout the greater New York area. Providing quality products that keep customers connected, Cablevision offers Optimum-branded digital cable television, high-speed Internet and voice services as well as Optimum WiFi, the nation's most robust WiFi network. The company recently introduced Freewheel, a new low-cost WiFi-exclusive phone service that provides unlimited data, talk and text. Cablevision’s Lightpath subsidiary is a premier provider of integrated business communications solutions for larger companies. Through its local media and programming properties – News 12 Networks and Newsday Media Group – Cablevision also delivers news and information created specifically for the communities it serves.

The Debevoise team is led by partners Richard D. Bohm and Michael A. Diz, and includes partners Peter A. Furci, Gary W. Kubek, Elizabeth Pagel Serebransky and William D. Regner and associate Usman Arain.

Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.