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Patrick Drahi

Patrick Drahi latest

The transaction would result in Sotheby’s returning to private ownership after 31 years as a public company traded on the New York Stock Exchange.
June 19th, 2019 - 06:29 GMT

French Billionaire to Acquire Sotheby’s for $3.7 Billion

Sotheby’s, a global brokers of fine and decorative art and jewellery, has signed a merger agreement to be acquired by BidFair USA, wholly owned by media and telecom entrepreneur as well as art collector, French billionaire Patrick Drahi. {"preview_thumbnail":"https://cdn.flowplayer.com/6684a05f-6468-4ecd-87d5-a748773282a3/i/v-i-7…","video_id":"777c29d9-a67c-496e-a36a-a40103e1a65a","player_id":"8ca46225-42a2-4245-9c20-7850ae937431","provider":"flowplayer","video":"Best Banks in the Arab World 2019"} Under the terms of the agreement, Sotheby’s shareholders will receive $57 per share in cash transaction valued at $3.7 billion. The offer price represents a ...
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