<div>UPDATE 3-Billionaire Patrick Drahi snaps up Sotheby's in $3.7 bln deal</div> <!-- no image --> <div>* Sotheby's was founded in London in 1744 (Adds comments from Drahi and more detail)<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=IeCEcX93oeQ:Y0esIFStjCY:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=IeCEcX93oeQ:Y0esIFStjCY:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=IeCEcX93oeQ:Y0esIFStjCY:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=IeCEcX93oeQ:Y0esIFStjCY:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=IeCEcX93oeQ:Y0esIFStjCY:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/IeCEcX93oeQ" height="1" width="1" alt=""></div> Posted by Reuters