As was previously reported, Cablevision (CVC) is selling its Optimum West unit to Charter...

|About: Cablevision Systems Corpora... (CVC)|By:, SA News Editor

As was previously reported, Cablevision (CVC) is selling its Optimum West unit to Charter (CHTR). Charter will be paying $1.625B in cash, or 8.9x Optimum West's Q3 annualized adjusted EBITDA (7x if one accounts for a tax benefit). The deal is expected to close in Q3. (PR)