News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Investment Banking

A cable crossover for Morgan Stanley bankers old and new

A push into the US cable market by the acquisitive conglomerate Altice has the potential to set up an intriguing advisory tussle

Altice founder Patrick Drahi
Altice founder Patrick Drahi Photo: Getty Images

A push into the US cable market by the acquisitive conglomerate Altice has the potential to set up an intriguing advisory tussle between Morgan Stanley dealmakers past and present.

Altice, whose ranks have grown with the addition of ex-Morgan Stanley bankers over the past two years, today said it would buy a 70% stake in Suddenlink in a deal that values the US cable company at $9.1 billion.

WSJ Logo