Enter multiple symbols separated by commas

Cablevision Worth $4 Billion More Than Buyout Offer: Gabelli

Fund manager Mario Gabelli said he thinks the assets of Cablevision Systems

are worth about $15 a share, or $4 billion, more than being currently offered.

Cablevision, the New York-area cable operator and entertainment group, agreed Wednesday to be taken private in a $10.6 billion, or $36.26 a share, bid from the Dolan family.

Gabelli heads Gamco Investors, which is a shareholder in Cablevision. He told Reuters he was examining all alternatives and had not yet decided how to vote on the deal.

Contact U.S. News


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video