Drahi Is Making Good on Pledge to Sell Assets. But to What End? [BNN Bloomberg (Canada)]
Outbrain Inc. (OB)
Last outbrain inc. earnings: 8/4 07:00 am
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Source: BNN Bloomberg
If the billionaire owner of the media giant decides to use the money from the sale of Altice UK's 24.5% stake in BT to pay down debt, it will come just in time for creditors getting ready for a bruising round of debt talks to limit writedowns. That's still unclear. Only last September Drahi said he was willing to potentially put everything in the Altice universe, the telecommunications and media giant he cobbled together over 30 years, up for sale to cut leverage. That pledge is wearing thin with investors nearly a year on. The group has unloaded an assortment of mostly non-strategic assets and made it clear it wasn't planning to repay debt in full, at least for the French and reportedly US units. As Altice heads into talks with its creditors, what will happen to the proceeds from the BT sale is an open question. Drahi may well keep the money, if a decision to shift proceeds from a recent deal out of reach of Altice France creditors is any indication. A representative for Alt
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News
- Outbrain announces repurchase of remaining 2.95% Convertible Senior Notes due 2026GlobeNewswire
- Outbrain's Organic Fundamentals Remain Weak Despite Transformation Plans [Seeking Alpha]Seeking Alpha
- Drahi Is Making Good on Pledge to Sell Assets. But to What End? [Yahoo! Finance]Yahoo! Finance
- Outbrain Inc. (OB) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Outbrain (OB) Q2 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
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Earnings
- 8/8/24 - Beat
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Sec Filings
- 9/23/24 - Form 8-K
- 9/19/24 - Form 8-K
- 9/9/24 - Form 4
- OB's page on the SEC website