Bill Gates Investment Firm Buys Controlling Stake In Four Seasons Hotels For $2.2 Billion

... [+]Bill Gates will purchase a majority stake in the Four Seasons hotel chain for $2.21 billion, the companyCascade Investment LLC, which manages the Microsoft cofounder’s massive fortune, agreed to buy half of Saudi Prince Alwaleed bin Talal’s stake in the hotel chain. The all-cash deal pushes Gates’ ownership from 47.5% to 71.25% and values the Four Seasons at $10 billion in enterprise value. The deal is expected to close in January 2022.

In a statement, the hotel operator said the deal “marks a pivotal point in the evolution of Four Seasons” and affirms Cascade’s commitment to provide the Four Seasons “with resources to accelerate growth and expand its strategic goals.” Through his investment vehicle Kingdom Holding Co., Prince Alwaleed will hold onto his remaining 23.75% stake.long counted the Saudi Prince as a billionaire — and one of the richest people in the world, but

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bill Gates’s Investment Firm Buys Controlling Stake in Four SeasonsFour Seasons Hotels and Resorts said Cascade Investment, the investment vehicle of Microsoft co-founder Bill Gates, has agreed to buy a controlling stake in the company, giving it an enterprise value of $10 billion Not Four Seasons Landscaping? is it not time for bill gates to retire and go sit in a park somewhere playing chess with other old folks? Apple story again. I’ll invest.
Source: WSJ - 🏆 98. / 63 Read more »

Khosla Ventures $28 million investment in Rocket Lab is now worth about $1.7 billionKhosla Ventures, the Silicon Valley venture capital firm founded by Vinod Khosla, made multiple early bets on Rocket Lab that are paying off enormously.
Source: CNBC - 🏆 12. / 72 Read more »