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The 275-year-old auction1 house Sotheby's is being sold to a French Israeli businessman for about $3.7 billion.
有275年历史的苏士比拍卖行被一位以色列籍法国商人买下,成交额约37亿美元。
Sotheby's, founded in London in 1744, is the oldest company traded on the New York Stock Exchange. If the deal is approved by shareholders2 and regulators, Sotheby's would become a privately3 held company for the first time in more than three decades.
The New York company, which started in London, holds auctions4 in 10 salesrooms worldwide with annual sales turnover5 exceeding $4 billion.
It reported an adjusted profit last year of close to $130 million and revenue of more than $1 billion.
"Sotheby's is one of the most elegant and aspirational6 brands in the world, said the buyer, Patrick Drahi. "As a longtime client and lifetime admirer of the company, I am acquiring Sotheby's together with my family."
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