Cable One Amends Vyve Stake Terms in Anticipation of M&A
Cable One, with a 45% ownership stake in Mega Broadband Investments/Vyve Broadband, has amended the terms of its Vyve investment to give it better timing flexibility for a takeover of that company, Cable One said last week. Under the amended…
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partnership agreement, Cable One said it paid $250 million to other Vyve equity holders, who also received the proceeds from $100 million of new Vyve debt. That $350 million will reduce the purchase price payable by Cable One, it said. Cable One said it has an option to call the 55% of Vyve it doesn't own, which it can exercise starting in Q3 2025.