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UPDATE 4-Sotheby's snapped up by French tycoon Drahi for $3.7 bln

* Sotheby's was founded in London in 1744 (Recasts story, adds background)

8:29pm BST

Wafer maker Siltronics warns U.S.-China trade tussle to hit sales, profits

FRANKFURT, June 17 Siltronic, a German maker of wafers used to make silicon chips, became the latest firm in the semiconductor industry to warn that U.S. restrictions on exports to China would hit sales and profitability.

8:23pm BST

CORRECTED-Harvard revokes Parkland shooting survivor's acceptance over racial slurs

June 17 Harvard University has rescinded its admission offer to a survivor of the 2018 massacre at a Florida high school over his past use of racial slurs in an online document posted on Twitter, the student said on Monday.

7:38pm BST

Infineon launches 1.5 bln euro capital hike to help fund Cypress deal

FRANKFURT, June 17 Infineon Technologies said on Monday it was launching an accelerated capital increase to raise 1.5 billion euros ($1.68 billion) towards the cost of its planned acquisition of Cypress Semiconductor.

5:37pm BST

UPDATE 1-Ethiopia to split state telecoms provider into two before privatisation

NAIROBI, June 17 Ethiopia will split its state telecoms provider into two businesses before it is privatised, state-affiliated media reported on Monday, a key part of government's plan to open up one of the world's last major closed telecoms markets.

5:31pm BST

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