Sold! Auction House Sotheby’s Sells for $3.7 Billion to Telecom Billionaire

Art auction house Sotheby’s will be taken private by billionaire Patrick Drahi-owned company BidFair USA at a high premium, the company announced Monday. Drahi, a long-time media titan and avid art collector, will take Sotheby’s private after 31 years on the market as a public company at a $3.7 billion price tag. “Sotheby’s is one […]

Could Ford Buy Tesla? Here’s How Likely A “Doomsday” Scenario Is

Former Tesla bulls have been bailing on the company. The stock continues to drop. Bond prices are at low levels. The auto maker is burning through $1 billion in cash a quarter, the cash from the latest $2.7 billion funding round will be gone within ten months, and demand is falling off. One of the […]

Okta Says It Will Acquire Workflow Automation Startup for $52.5 Million

Okta, an identity-focused tech firm, said while reporting earnings Thursday that it plans to acquire Azuqua, a workflow automation startup based in Seattle, for $52.5 million in cash. Todd McKinnon, Okta’s chief executive, told Fortune the acquisition would not be material to revenues for the quarter, but that the acquisition “will have a huge impact […]