Saudi Prince al-Waleed bin Talal has agreed to sell half his stake in Four Seasons Hotels and Resorts to co-owner Bill Gates, giving him control in a deal that values the luxury hotel operator at $10 billion.
Under terms the companies announced Wednesday, Mr. Gates’s Cascade Investment LLC would pay $2.21 billion for a 23.75% stake in the Four Seasons held by Prince al-Waleed’s Kingdom Holding Company.
Related posts:
Fed may need to be even more aggressive fighting inflation as U.S. household cash exceeds debt for f...
UPDATE 3-Tesla to build 25,000-euro car at German plant - source
Why Interest Rates Are Rising Everywhere—Except Your Savings Account
A Popular Tax Trick for Savers, the Mega ‘Back Door’ Roth IRA, Is Eliminated in House Bill
Altria Has a New Plan to Unlock Value. It Could Be a Warning Sign for the High-Yield Dividend Stock.