Deals
Oi Said to Have Approved Altice Offer for Portugal Assets
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Oi SA, Brazil’s second-largest phone company, approved a 7.4 billion euro ($9.2 billion) offer for its Portuguese assets from Altice SA at a board meeting yesterday, people with knowledge of the matter said.
The decision could be announced soon, the people said, asking not to be named because the matter is private. The companies began exclusive talks on Dec. 1 after Altice raised its offer, topping a rival bid by Apax Partners LLP and Bain Capital.