Altice to acquire majority stake in OTT startup Molotov
Telecom company Altice is about to close a significant investment in French startup Molotov — the two companies have entered into exclusive negotiations. While terms of the deal are undisclosed, Altice is investing a large sum of money and should end up with a majority stake in Molotov — it's more like a fundraising round than a traditional acquisition. "We're doing a 60/40 deal," Molotov co-founder and CEO Jean-David Blanc told me.