Dan Loeb Takes $157M Stake to Shake Up Sotheby's

Dan Loeb Takes $157M Stake to Shake Up Sotheby's Play

Aug. 27 (Bloomberg) -- In today's "Movers & Shakers," Bloomberg's Betty Liu reports that hedge fund manager Dan Loeb has acquired nearly a six percent stake in Sotheby's with an eye to making changes to the auction house. She speaks on Bloomberg Television's "In The Loop."

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