Sotheby's to be taken private by French billionaire Patrick Drahi
June 17 (Reuters) - Art auction house Sotheby's BID.N 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.
(Reporting by Nivedita Balu in Bengaluru; Editing by Sriraj Kalluvila)