Billionaire Patrick Drahi snaps up Sotheby's in $3.7 billion deal

PARIS/BOSTON (Reuters) - Patrick Drahi, the billionaire behind telecoms and media group Altice, agreed on Monday to buy Sotheby's in a deal worth $3.7 billion (£2.9 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 billionaire Francois Pinault at the top of the art world and New York society, with Pinault's holding company Artemis owning a majority stake in Sotheby's rival..