(JTA) — French-Israeli billionaire Patrick Drahi is buying Sotheby’s auction house for $2.7 billion. Drahi, who also will take on the company’s $1 billion debt, is an avid art collector ...

The art market is grinding through a rough patch, and no one is feeling the pain more than Sotheby’s. The sales downturn, ...

Who’d have thought? Tycoon Patrick Drahi has pulled off a colossal restructuring of his debt-laden French telecoms empire, emerging as the victor. The debt market has been taught a lesson here ...

Indian billionaire Sunil Bharti Mittal has indicated that he is considering increasing his holding in BT after taking a 24.5 ...

Telecom mogul Patrick Drahi – the founder and shareholder of France-based Altice, which bought Cablevision a decade ago – has been at loggerheads with Dolan, CEO of Sphere Entertainment Co., ...

The deal resolves one pressing issue between Drahi and the lenders who financed deals such as his 2014 purchase of French wireless company SFR. Altice France racked up a €24 billion debt load at ...

The European telecom led by billionaire Patrick Drahi has reached one of the largest liability-management deals to date.

When news flashed through the City last week that a company run by Patrick Drahi had stealthily become the biggest shareholder in BT, the response from Brits outside the industry was: who?

Drahi only increased Altice UK's stake in BT to 24.5 percent in May of 2023, and even had plans to increase it to nearly 30 ...

(Bloomberg) -- Altice France SA and a majority of its creditors reached an agreement to slash the company’s debt by €8.6 billion ($9 billion), letting founder Patrick Drahi keep control of the cable ...

The agreement will see senior and junior creditors obtain minority equity stakes in the group. Patrick Drahi, the owner of the French telco giant, will retain 55 percent common equity in the business.

PARIS, Feb 25 (Reuters) - Altice France is preparing to sign an agreement with its creditors to reduce the telecoms group's debt in exchange for a minority stake in the company, two sources close ...