| Autor: |
Crow, Kelly (AUTHOR) |
| Předmět: |
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| Zdroj: |
Wall Street Journal - Online Edition. 10/31/2024, pN.PAG-N.PAG. 1p. |
| Abstrakt: |
Sotheby's has secured a $1 billion investment deal with an Abu Dhabi sovereign wealth fund to alleviate its $1.65 billion debt burden. In exchange for the financial lifeline, the Emirati fund, ADQ, will gain significant influence over the management of the auction house. The deal reflects Abu Dhabi's growing cultural clout in the art market, with potential implications for Sotheby's operations and strategic direction. [Extracted from the article] |
| Databáze: |
Regional Business News |
| Externí odkaz: |
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