Four 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
Four Seasons Hotels and Resorts said Cascade Investment LLC, the investment vehicle of Microsoft Corp. co-founder Bill Gates, has agreed to buy a controlling stake in the company, giving it an enterprise value of $10 billion.
In the all-cash deal, Cascade’s stake will increase to 71.25% from 47.5% by buying half of the existing 47.5% stake owned by Kingdom Holding Co. for $2.21 billion, the luxury hotel company said Wednesday.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Texas Gov. Greg Abbott to sign controversial election integrity bill TuesdayAbbott is set to sign the the state's controversial election integrity bill Tuesday after a months-long battle with Democrats
Read more »
Monica Lewinsky says Bill Clinton 'should want to apologize'Monica Lewinsky says former President Clinton 'should want to apologize in the same way I want to apologize any chance I get to people my actions have hurt,' but she doesn't need it.
Read more »
Bill Cosby accuser Andrea Constand discusses comedian's release in first TV interviewBill Cosby accuser Andrea Constand breaks silence, discussing the comedian's release from prison in her first television interview since the Pennsylvania Supreme Court overturned his assault conviction in June.
Read more »
Andrea Constand calls Bill Cosby 'a sexually violent predator' with ‘zero remorse’Constand, whose testimony led to Bill Cosby's initial aggravated assault conviction in 2018, spoke out in her first interview since Cosby's release from prison.
Read more »
Monica Lewinsky says Bill Clinton ‘should want to apologize’ in TODAY exclusiveLewinsky said she wasn't sure how she'd feel about the former president watching the show she co-produced about the scandal.
Read more »
Why Andrea Constand Doesn't Regret Her Bill Cosby AccusationsBill Cosby's accuser has no regrets about coming forward despite his overturned conviction.
Read more »