Cascade Investment LLC – billionaire Bill Gates’s firm – will pay Saudi billionaire Prince Alwaleed bin Talal’s Kingdom Holding Co $2.2bn for a 23.75 percent stake in Four Seasons Holding Co. Bill Gates’s investment firm will pay Saudi billionaire Prince Alwaleed bin Talal $2.2 billion to raise its stake in Four Seasons Holding Co.
Cascade Investment LLC will buy a 23.75% stake from Kingdom Holding Co, giving the business a $10 billion enterprise value. As part of the all-cash deal, Cascade’s stake will increase to 71.25%. ..
.Source: aljazeera.com
