Altice USA is making a $7.8 billion all-cash takeover bid for North American cable company Cogeco. 

Cogeco is the parent company to U.S. brand Atlantic Broadband and Canada's Cogeco Connexion. As part of the offer, Altice USA, parent company of Cheddar, will sell Cogeco's Canadian assets to Rogers Communications. In total, Altice USA will pay $3.6 billion for the U.S. assets, after the sale of Canadian assets to Rogers.

Altice USA CEO Dexter Goei told Cheddar the goal is to gain a stronger share of cable assets in the U.S. 

"We think that the footprint of Atlantic Broadband is very synergistic geographically with our operations at Altice USA, given that Atlantic Broadband continues to have estates up and down the Eastern seaboard," he said, noting that aligns with Altice's current capabilities in the region. "Size does matter in certain instances here."

Goei noted the company has been open to dealmaking opportunities and Cogeco's services line up with Altice USA's "wheelhouse." 

"We like to grow, and if we can't grow organically, or fast enough organically, we look forward to trying to find things to acquire."

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