Sotheby’s sold for $3.7 billion to media titan Patrick Drahi

London: Sotheby’s, the auction house whose shares have dropped 40 per cent in the past year, is being sold to telecom titan Patrick Drahi for $2.7 billion. Investors will receive $57 in cash per share of Sotheby’s common stock under terms of the agreement, according to a statement on Monday from the New York-based company. […]

Airbus readies A321XLR jetliner launch, sees A330neo sales

LE BOURGET, France: Airbus will launch a long-range version of its A321neo passenger jet at Paris Airshow and will announce close to 200 orders over the week, sources familiar with the matter said. Airbus is set to formally launch its A321XLR airplane on Monday, aiming to carve out new routes for airlines with smaller planes […]