Next Private, a private holding company of billionaire Patrick Drahi, agreed to acquire Altice Europe, a cable, telecommunications, and media company for $3.9bn. "Right from the start of the process in early August, we have followed a careful, full and thorough process with all four independent non-executive directors and the non-conflicted executive director. Our focus has been on determining the best way forward for Altice Europe and its business, while safeguarding the interests of all stakeholders involved. This transaction will allow Altice Europe to more successfully and effectively achieve its goals in a private and fully owned environment, benefiting from the founder’s ongoing long term commitment to the business," Jurgen van Breukelen, Altice Europe Chairman. On December 16, 2020 Next Private increased bid for Altice Europe to $3.9bn up from the $3bn tabled in September.