*Sotheby's was founded in London in 1744. PARIS/ BOSTON, June 17- Patrick Drahi, the billionaire behind telecoms and media group Altice, agreed on Monday to buy Sotheby's in a deal worth $3.7 billion, marking the storied art auction house's return to private ownership after 31 years. The acquisition will allow avid art collector Drahi to join rival French...
CNBC's David Faber reports on Altice's acquisition of Sotheby's, and Patrick Drahi's comments saying he won't be changing management.
Sotheby's auction house announced Monday that it has signed an agreement to be acquired by BidFair USA, a venture owned wholly by media and telecom entrepreneur Patrick Drahi. CNBC's "Squawk on the Street" discusses.
June 17- Art auction house Sotheby's said on Monday it would be taken private for $2.66 billion by a company owned by Altice Europe founder Patrick Drahi. Sotheby's shareholders will receive $57 in cash per share held. The offer represents a premium of 61% to Sotheby's Friday close.
SOTHEBY'S TO BE ACQUIRED BY PATRICK DRAHI IN A DEAL VALUED AT $3.7 BLN.
Sotheby's CEO Tad Smith sits down with "Squawk on the Street" to discuss the company's 275th anniversary, making it the oldest company on the New York Stock Exchange, and its future successes.
British street artist Banksy built a shredder into a frame on his painting 'Girl With Balloon.' As soon as the painting was sold, an alarm went off and the painting shredded itself.
The "Fast Money" traders give you 5 trades to make in an inflationary environment.