About
- Name: PATRICK DRAHI
- English name: PATRICK DRAHI
- Native name: ---
- Alias: ---
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Description: Telecoms magnate patrick drahi is the founder and owner of multinational altice nv, which he took private in january 2021 at a $7.3 billion valuation. drahi built altice with more than 20 acquisitions of lagging cable and mobile operators and has expanded further with highly leveraged deals. he stormed the u.s. in 2015 by buying a 70% stake in cable operator suddenlink for $9 billion and snapping up cablevision for $17.7 billion. those u.s. entities were spun off into altice usa, which went public in june 2017. in october 2019, drahi acquired auction house sotheby's for about $2.6 billion, taking the 275-year-old firm private.
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