Patrick Drahi
Jewish businessman and billionaire
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March 15 2024 | Announced the sale of Altice Média to Rodolphe Saadé for over €1.5 billion to help pay off the parent company's debt. |
2021 | Nathan Drahi, Patrick's other twin son, was appointed Managing Director of Sotheby's Asia after previously working in private equity in London. |
2021 | Increased stake in UK telecom BT to 24.5%. |
January 2021 | Accepted an increased bid to take Altice private. |
September 2020 | Offered €2.5 billion to take Altice private by buying out minority shareholders. |
2019 | David Drahi, one of Patrick's twin sons, joined the board of directors of Altice USA. |
June 2019 | Acquired Sotheby's at a 61% market premium. |
2016 | The Patrick and Lina Drahi Foundation was incorporated and established its headquarters in Zermatt, Switzerland. |
2015 | Drahi reportedly acquired Portuguese citizenship, becoming a citizen of Israel, France, and Portugal. |
2015 | Entered the American telecommunications market by purchasing 70% of Suddenlink Communications. Also bought Cablevision from the Dolan family, renaming it Altice USA. |
2014 | Drahi and his wife Lina created the Patrick and Lina Drahi Foundation to support innovative programmes in science, education, entrepreneurship, arts, and Jewish causes. |
2014 | Drahi's lawyer informed Challenges magazine that he had renounced French citizenship and acquired Israeli citizenship. |
2013 | Bought SFR, the second-largest mobile phone and internet provider in France, from Vivendi. Also founded i24news, an international news channel broadcasting in French, Arabic, and English. |
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