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Vanderbilt

June 19, 2019

Telecoms billionaire Patrick Drahi buys Sotheby’s, Mulliez family buy stake in Kenya’s Twiga Foods, and US heiress Gloria Vanderbilt dies aged 95.

Telecoms billionaire Patrick Drahi buys Sotheby’s

Patrick Drahi, founder and chairman of telecoms giant Altice, is buying Sotheby’s auction house in a deal worth $3.7 billion, taking it private after more than three decades as a public company.

In a statement, New York-based Sotheby’s, which celebrated its 275th anniversary this year, said it had accepted an offer from BidFair USA—Drahi’s holding company.

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