Sotheby’s, one of the world’s big two art auctioneers, is being bought by Altice founder Patrick Drahi. The French-Israeli billionaire is paying a 61% premium over the stock’s Friday closing price. As this New York Times piece explains, rival Christie’s has been doing well under the ownership of another billionaire. Sotheby’s CEO Tad Smith: “This acquisition will provide Sotheby’s with the opportunity to accelerate the successful program of growth initiatives of the past several years in a more flexible private environment.” NYT
Trade War Winners
In the event of a full-blown trade war between the U.S. and China, which other countries would benefit most? According to Barclays economic research chief Christian Keller, France, Germany and the U.K. would be the winners, because their exports to China are the closest analogs to U.S. exports. CNBC
New Zealand Video
A self-described white supremacist has been jailed for 21 months for sharing the video of the March Christchurch mosque massacres, that was livestreamed by the killer. The New Zealand government has outlawed the sharing of the video, with a maximum jail sentence of 14 years. Reuters
We’re getting used to seeing vegan alternatives to burger-beef appearing on the market, but ersatz chicken? KFC is trying it out, giving customers a flesh-free salt-delivery option. It’s called the Imposter Burger and, in the words of BBC reporter Katie Hope: “It certainly looks like the real thing. But when I bite into it I can immediately tell the difference. It’s a bit dry and despite the spices it’s bland and unmemorable. I struggle to eat the whole thing.” Yum! BBC
This edition of CEO Daily was edited by David Meyer. Find previous editions here, and sign up for other Fortune newsletters here.