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Patrick Drahi

  • Thursday, 8 May, 2025
    News in-depth
    Altice creditors brace for next showdown with Drahi

    Analysts and investors believe restructuring of international business could be more aggressive than French unit

    An Altice sign at an office building in Paris, France
  • Sunday, 2 February, 2025
    Sotheby's Inc
    Sotheby’s axes mainland China ecommerce business over weak demand

    Auction house pulls back on ‘Buy Now’ venture for instant purchases of fine art and luxury items

    Sotheby’s space at Landmark Chater in the Central district of Hong Kong
  • Friday, 30 August, 2024
    Sotheby's Inc
    Sotheby’s earnings plunge as art market catches a chill

    Arch-rival Christie’s also suffering from slowdown in auctions

    Francis Bacon portrait of his lover George Dyer at auction
  • Friday, 9 August, 2024
    Sotheby's Inc
    Abu Dhabi’s ADQ buys stake in Sotheby’s

    The $1bn cash injection comes as owner Patrick Drahi’s telco empire is struggling with debts

    Sothebys specialists hang ‘La Corne d’Or’, Constantinople by Paul Signac
  • Sunday, 21 July, 2024
    European companies
    Drahi’s Altice raised more than £1bn margin loan against BT stake

    Heavy borrowing raises questions over whether the stake can be maintained in the long term

    A sign at the Altice campus office building in Paris
  • Thursday, 21 March, 2024
    Altice Group
    Altice France on collision course with creditors

    Bondholders’ group hires lawyers after telecoms company declines to use proceeds from asset sales to repay debt

    Altice logo
  • Friday, 15 March, 2024
    Altice Group
    Shipping magnate Rodolphe Saadé to buy French news channel BFM

    Billionaire owner of CMA CGM also set to acquire RMC radio from Patrick Drahi

    Rodolphe Saadé
  • Wednesday, 20 December, 2023
    Private equity
    Warburg Pincus teams up with Horta-Osório on €6bn bid for telecoms assets

    Private equity firm is working with former Lloyds and Credit Suisse boss on plan to buy Altice’s Portuguese business

    António Horta-Osório
  • Thursday, 7 December, 2023
    Sotheby's Inc
    Qatar approached to take stake in Drahi’s auction house Sotheby’s

    Franco-Israeli billionaire under pressure to sell assets to pay down Altice debt

    Technicians hold four 15th-century panels up for auction at Sotheby’s in London last week
  • Tuesday, 21 November, 2023
    Altice Group
    Altice sells chunk of data centre business to Morgan Stanley

    Telecoms group owned by Franco-Israeli billionaire Patrick Drahi seeks ways to cut $60bn debt pile

    Patrick Drahi, pictured in February 2022
  • Wednesday, 27 September, 2023
    LexBT Group Plc
    BT/Drahi: financially feasible does not mean politically advisable Premium content

    The French telecoms tycoon’s motives remain as opaque as ever

    Patrick Drahi
  • Wednesday, 27 September, 2023
    Altice Group
    Altice looks to borrow for first time since co-founder’s arrest

    Empire built by Franco-Israeli billionaire Patrick Drahi is seeking €500mn from investors

    Franco-Israeli billionaire Patrick Drahi
  • Tuesday, 8 August, 2023
    Lex
    Altice: pressure mounts for Drahi to sell BT investment Premium content

    Selling the investment in the UK telecom would not garner much for the Altice group owner

    French telecoms tycoon Patrick Drahi
  • Tuesday, 8 August, 2023
    Due Diligence
    Altice’s Drahi addresses criminal probe into The Barefoot Billionaire Premium content

    Plus, discount season comes to private equity and the architect of the US liquefied natural gas industry says he faces homelessness 

    The Due Diligence logo
  • Monday, 7 August, 2023
    Altice Group
    Billionaire Drahi says Altice corruption probe a ‘shock’

    Franco-Israeli entrepreneur makes first comments since Portuguese authorities opened investigation into longtime partner

    Patrick Drahi
  • Monday, 31 July, 2023
    News in-depthAltice Group
    Altice fraud arrests throw spotlight on Drahi’s elusive right-hand man

    Co-founder and key troubleshooter Armando Pereira was kept away from investors

    Montage of Altice logo, Armando Pereira and Patrick Drahi
  • Tuesday, 23 May, 2023
    LexBT Group Plc
    BT: dealmaker Drahi’s unlikely reinvention as yield investor Premium content

    UK would probably block full purchase of the telecoms group by a debt-heavy foreign buyer

    Patrick Drahi
  • Tuesday, 23 May, 2023
    BT Group Plc
    Patrick Drahi’s Altice lifts stake in BT to almost 25%

    Billionaire raises holding from 18% but says he has no plans to make an offer for UK telecoms company

    A montage showing Patrick Drahi against the logos of BT and Altice
  • Tuesday, 23 August, 2022
    BT Group Plc
    BT says UK government to take no further action over Altice stake

    Conclusion comes after review of increased interest from billionaire Patrick Drahi

    A sign at the headquarters of BT Group in Aldgate, London
  • Thursday, 26 May, 2022
    LexMergers & Acquisitions
    BT/Altice: Drahi stakebuilding is worthy of M&A watchdog’s scrutiny Premium content

    Leveraged private investment vehicles do not look like natural owners of national telecoms infrastructure businesses

    French billionaire Patrick Drahi
  • Sunday, 24 April, 2022
    News in-depth
    Deals, debt and dreams: Patrick Drahi’s misadventures in the US

    Thwarted billionaire’s Altice USA has disappointed since spin-off

    Patrick Drahi and the Altice logo
  • Wednesday, 16 February, 2022
    Business InsightLeila Abboud
    French billionaires face spotlight in media inquiry

    Senate commission in Paris looks at influence of business figures and whether structural industry reform is needed

    Vivendi’s Vincent Bolloré
  • Wednesday, 15 December, 2021
    News in-depth
    Patrick Drahi: the aggressive dealmaker forced to play the long game at BT

    Franco-Israeli telecoms entrepreneur has hired advisers to strengthen his hand in UK

    Patrick Drahi/BT/Altice
  • Tuesday, 14 December, 2021
    LexBT Group Plc
    BT/Altice: Drahi will struggle to split off Openreach Premium content

    The stratagems that have made tycoon powerful in France translate poorly into English

    Patrick Drahi pictured in October 2018
  • Tuesday, 14 December, 2021
    BT Group Plc
    Patrick Drahi’s Altice raises stake in BT to 18%

    UK government warns it could intervene if a full bid is launched

    Patrick Drahi
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