French Billionaire Purchases Sotheby S For 3 7 Billion
Drahi is also known as an art collector, so his interest in Sotheby’s makes sense, and the BBC reports that his deal comes as the art market has shown recent signs of a financial recovery after years of struggle stemming from the financial crisis of a decade ago. Hedge fund investor Dan Loeb, whose Third Point investment group has a reported 14 percent stake in the auction house, told the BBC that he was happy with the sale, saying that the $3....