Nick Kostov
Google Emerges as Early Winner From Europe’s New Data Privacy Law
The General Data Protection Regulation (GDPR), the European Union’s new privacy law, is drawing advertising money toward Google’s online-ad services and away from competitors that are straining to show they’re complying with the sweeping regulation. The reason: the Alphabet ad giant is gathering individuals’ consent for targeted advertising at far higher rates than many competing online-ad services, early data show.
Altice USA IPO Seen Raising More Than $1 Billion, Valuing Company at Over $20 Billion
Altice USA filed paperwork to go public April 11, in an offering that would raise more than $1 billion, apparently. The US arm of French mogul Patrick Drahi’s cable operator Altice NV filed a registration statement with the US Securities and Exchange Commission for a proposed initial public offering of shares of Class A common stock.
The IPO is likely to value Altice USA at more than $20 billion. BC Partners Ltd. and Canada Pension Plan Investment Board, which together own 30% of Altice USA, are likely to sell 5% to 10% of the company, apparently. Altice is so far planning to keep its 70% stake in Altice USA, although the IPO process is likely to take several months, and Altice’s approach could change over that time.