The Billionaire Telecom Tycoons See Something You Don’t

"... Hedge funds including Lucerne Capital Management and Elliott Management Corp. got Drahi to sweeten his Altice offer. That was an achievement given the challenges of pushing up an acquirer who already owns most of the firm and has the backing of the board..."

Read more: France Telco Buyouts: Xavier Niel and Patrick Drahi See Something You Don't - Bloomberg