Bill Gates' investment firm to take control of Four Seasons in $2.98 billion deal

The Straits Times2021-09-09

BENGALARU (REUTERS) - Bill Gates' Cascade Investment is taking control of Four Seasons Hotels and Resorts by buying about half of Saudi Arabian Prince Alwaleed bin Talal's stake for US$2.21 billion (S...

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Kristo
2021-09-09
Kristo
Great
SimonGoh
2021-09-09
SimonGoh
...
- SimonGoh:
  ...
38341f8e
2021-09-09
38341f8e
Ok
- Kristo:
  yes
junior_daddy
2021-09-09
junior_daddy
Interesting
rayjs
2021-09-09
rayjs
Aaaa
- 不是那么好割的小韭菜:
  可
- rayjs:
  aa
wltan
2021-09-09
wltan
Ok
- wltan:
  Ok

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The firm first invested in Four Seasons in 1997.\nThe hotel operator, which manages 121 properties and has over 50 projects in the pipeline, was taken private a decade later by a consortium led by Cascade, Prince Alwaleed and the hotel chain's founder Isadore Sharp.\nMr Sharp will keep his 5 per cent stake as part of the deal.","news_type":1,"symbols_score_info":{}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":883031070,"gmtCreate":1631186983290,"gmtModify":1631883907085,"author":{"id":"3576306005094300","authorId":"3576306005094300","name":"SimonGoh","avatar":"https://static.tigerbbs.com/73b898c8aede2bc74299e222da0c4a75","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3576306005094300","authorIdStr":"3576306005094300"},"htmlText":"...","listText":"...","text":"...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/883031070","repostId":2166319712,"repostType":4,"repost":{"id":"2166319712","kind":"news","pubTimestamp":1631176402,"share":"https://ttm.financial/m/news/2166319712?lang=&edition=full","pubTime":"2021-09-09 16:33","market":"sg","language":"en","title":"Bill Gates' investment firm to take control of Four Seasons in $2.98 billion deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2166319712","media":"The Straits Times","summary":"BENGALARU (REUTERS) - Bill Gates' Cascade Investment is taking control of Four Seasons Hotels and Re","content":"<div>\n<p>BENGALARU (REUTERS) - Bill Gates' Cascade Investment is taking control of Four Seasons Hotels and Resorts by buying about half of Saudi Arabian Prince Alwaleed bin Talal's stake for US$2.21 billion (S...</p>\n\n<a href=\"http://www.straitstimes.com/business/property/bill-gates-investment-firm-to-take-control-of-four-seasons-in-298-billion-deal\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBill Gates' investment firm to take control of Four Seasons in $2.98 billion deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-09 16:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/property/bill-gates-investment-firm-to-take-control-of-four-seasons-in-298-billion-deal><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BENGALARU (REUTERS) - Bill Gates' Cascade Investment is taking control of Four Seasons Hotels and Resorts by buying about half of Saudi Arabian Prince Alwaleed bin Talal's stake for US$2.21 billion (S...</p>\n\n<a href=\"http://www.straitstimes.com/business/property/bill-gates-investment-firm-to-take-control-of-four-seasons-in-298-billion-deal\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"http://www.straitstimes.com/business/property/bill-gates-investment-firm-to-take-control-of-four-seasons-in-298-billion-deal","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2166319712","content_text":"BENGALARU (REUTERS) - Bill Gates' Cascade Investment is taking control of Four Seasons Hotels and Resorts by buying about half of Saudi Arabian Prince Alwaleed bin Talal's stake for US$2.21 billion (S$2.98 billion), the hotel operator said on Wednesday (Sept 8).\nCascade will acquire half of the billionaire prince's stake in Four Seasons, raising its ownership to 71.3 per cent and valuing the hotel chain at US$10 billion on an enterprise basis.\nPrince Alwaleed, through investment vehicle Kingdom Holding Co, will continue to own the remaining stake, Four Seasons said in a statement.\nWhile the prince owns stakes in many companies such as Citigroup and ride-hailing firm Lyft, his investment firm has been selling its stakes in hotels over the last 10 years.\nPrince Alwaleed was freed in early 2018 after being held at Riyadh's Ritz-Carlton Hotel with scores of royals, senior officials and businessmen as part of Saudi Arabia's anti-corruption drive.\nIn an interview with Fox News Channel later that year, the Prince said his detention was \"forgiven and forgotten\".\nSeparately, Kingdom Holding said it would use the cash proceeds from the divestment for future investment and pay down a part of outstanding loans.\nCascade declined to comment beyond the press release. The firm first invested in Four Seasons in 1997.\nThe hotel operator, which manages 121 properties and has over 50 projects in the pipeline, was taken private a decade later by a consortium led by Cascade, Prince Alwaleed and the hotel chain's founder Isadore Sharp.\nMr Sharp will keep his 5 per cent stake as part of the deal.","news_type":1,"symbols_score_info":{}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5805887,"gmtCreate":1631186991881,"gmtModify":1631883907088,"authorId":3576306005094300,"author":{"id":3576306005094300,"idStr":"3576306005094300","authorId":3576306005094300,"name":"SimonGoh","avatar":"https://static.tigerbbs.com/73b898c8aede2bc74299e222da0c4a75","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":883031070,"type":1,"supId":0,"prevId":0,"content":"...","text":"...","html":"..."}],"langContent":"EN"},{"id":883033298,"gmtCreate":1631186963514,"gmtModify":1632884090433,"author":{"id":"3581588474178431","authorId":"3581588474178431","name":"38341f8e","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581588474178431","authorIdStr":"3581588474178431"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/883033298","repostId":2166319712,"repostType":4,"repost":{"id":"2166319712","kind":"news","pubTimestamp":1631176402,"share":"https://ttm.financial/m/news/2166319712?lang=&edition=full","pubTime":"2021-09-09 16:33","market":"sg","language":"en","title":"Bill Gates' investment firm to take control of Four Seasons in $2.98 billion deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2166319712","media":"The Straits Times","summary":"BENGALARU (REUTERS) - Bill Gates' Cascade Investment is taking control of Four Seasons Hotels and Re","content":"<div>\n<p>BENGALARU (REUTERS) - Bill Gates' Cascade Investment is taking control of Four Seasons Hotels and Resorts by buying about half of Saudi Arabian Prince Alwaleed bin Talal's stake for US$2.21 billion (S...</p>\n\n<a href=\"http://www.straitstimes.com/business/property/bill-gates-investment-firm-to-take-control-of-four-seasons-in-298-billion-deal\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBill Gates' investment firm to take control of Four Seasons in $2.98 billion deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-09 16:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/property/bill-gates-investment-firm-to-take-control-of-four-seasons-in-298-billion-deal><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BENGALARU (REUTERS) - Bill Gates' Cascade Investment is taking control of Four Seasons Hotels and Resorts by buying about half of Saudi Arabian Prince Alwaleed bin Talal's stake for US$2.21 billion (S...</p>\n\n<a href=\"http://www.straitstimes.com/business/property/bill-gates-investment-firm-to-take-control-of-four-seasons-in-298-billion-deal\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"http://www.straitstimes.com/business/property/bill-gates-investment-firm-to-take-control-of-four-seasons-in-298-billion-deal","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2166319712","content_text":"BENGALARU (REUTERS) - Bill Gates' Cascade Investment is taking control of Four Seasons Hotels and Resorts by buying about half of Saudi Arabian Prince Alwaleed bin Talal's stake for US$2.21 billion (S$2.98 billion), the hotel operator said on Wednesday (Sept 8).\nCascade will acquire half of the billionaire prince's stake in Four Seasons, raising its ownership to 71.3 per cent and valuing the hotel chain at US$10 billion on an enterprise basis.\nPrince Alwaleed, through investment vehicle Kingdom Holding Co, will continue to own the remaining stake, Four Seasons said in a statement.\nWhile the prince owns stakes in many companies such as Citigroup and ride-hailing firm Lyft, his investment firm has been selling its stakes in hotels over the last 10 years.\nPrince Alwaleed was freed in early 2018 after being held at Riyadh's Ritz-Carlton Hotel with scores of royals, senior officials and businessmen as part of Saudi Arabia's anti-corruption drive.\nIn an interview with Fox News Channel later that year, the Prince said his detention was \"forgiven and forgotten\".\nSeparately, Kingdom Holding said it would use the cash proceeds from the divestment for future investment and pay down a part of outstanding loans.\nCascade declined to comment beyond the press release. The firm first invested in Four Seasons in 1997.\nThe hotel operator, which manages 121 properties and has over 50 projects in the pipeline, was taken private a decade later by a consortium led by Cascade, Prince Alwaleed and the hotel chain's founder Isadore Sharp.\nMr Sharp will keep his 5 per cent stake as part of the deal.","news_type":1,"symbols_score_info":{}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5806559,"gmtCreate":1631190312143,"gmtModify":1631894633429,"authorId":3557634928383187,"author":{"id":3557634928383187,"idStr":"3557634928383187","authorId":3557634928383187,"name":"Kristo","avatar":"https://static.tigerbbs.com/07075676425d47f31685477722d0d415","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":883033298,"type":1,"supId":0,"prevId":0,"content":"yes","text":"yes","html":"yes"}],"langContent":"EN"},{"id":883092422,"gmtCreate":1631186443266,"gmtModify":1631890003470,"author":{"id":"3574927270640767","authorId":"3574927270640767","name":"junior_daddy","avatar":"https://static.tigerbbs.com/15d3e810c8746da472a70549c212570d","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3574927270640767","authorIdStr":"3574927270640767"},"htmlText":"Interesting&nbsp;","listText":"Interesting&nbsp;","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/883092422","repostId":2166319712,"repostType":4,"repost":{"id":"2166319712","kind":"news","pubTimestamp":1631176402,"share":"https://ttm.financial/m/news/2166319712?lang=&edition=full","pubTime":"2021-09-09 16:33","market":"sg","language":"en","title":"Bill Gates' investment firm to take control of Four Seasons in $2.98 billion deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2166319712","media":"The Straits Times","summary":"BENGALARU (REUTERS) - Bill Gates' Cascade Investment is taking control of Four Seasons Hotels and Re","content":"<div>\n<p>BENGALARU (REUTERS) - Bill Gates' Cascade Investment is taking control of Four Seasons Hotels and Resorts by buying about half of Saudi Arabian Prince Alwaleed bin Talal's stake for US$2.21 billion (S...</p>\n\n<a href=\"http://www.straitstimes.com/business/property/bill-gates-investment-firm-to-take-control-of-four-seasons-in-298-billion-deal\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bill Gates' investment firm to take control of Four Seasons in $2.98 billion deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBill Gates' investment firm to take control of Four Seasons in $2.98 billion deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-09 16:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/property/bill-gates-investment-firm-to-take-control-of-four-seasons-in-298-billion-deal><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BENGALARU (REUTERS) - Bill Gates' Cascade Investment is taking control of Four Seasons Hotels and Resorts by buying about half of Saudi Arabian Prince Alwaleed bin Talal's stake for US$2.21 billion (S...</p>\n\n<a href=\"http://www.straitstimes.com/business/property/bill-gates-investment-firm-to-take-control-of-four-seasons-in-298-billion-deal\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"http://www.straitstimes.com/business/property/bill-gates-investment-firm-to-take-control-of-four-seasons-in-298-billion-deal","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2166319712","content_text":"BENGALARU (REUTERS) - Bill Gates' Cascade Investment is taking control of Four Seasons Hotels and Resorts by buying about half of Saudi Arabian Prince Alwaleed bin Talal's stake for US$2.21 billion (S$2.98 billion), the hotel operator said on Wednesday (Sept 8).\nCascade will acquire half of the billionaire prince's stake in Four Seasons, raising its ownership to 71.3 per cent and valuing the hotel chain at US$10 billion on an enterprise basis.\nPrince Alwaleed, through investment vehicle Kingdom Holding Co, will continue to own the remaining stake, Four Seasons said in a statement.\nWhile the prince owns stakes in many companies such as Citigroup and ride-hailing firm Lyft, his investment firm has been selling its stakes in hotels over the last 10 years.\nPrince Alwaleed was freed in early 2018 after being held at Riyadh's Ritz-Carlton Hotel with scores of royals, senior officials and businessmen as part of Saudi Arabia's anti-corruption drive.\nIn an interview with Fox News Channel later that year, the Prince said his detention was \"forgiven and forgotten\".\nSeparately, Kingdom Holding said it would use the cash proceeds from the divestment for future investment and pay down a part of outstanding loans.\nCascade declined to comment beyond the press release. The firm first invested in Four Seasons in 1997.\nThe hotel operator, which manages 121 properties and has over 50 projects in the pipeline, was taken private a decade later by a consortium led by Cascade, Prince Alwaleed and the hotel chain's founder Isadore Sharp.\nMr Sharp will keep his 5 per cent stake as part of the deal.","news_type":1,"symbols_score_info":{}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":883000142,"gmtCreate":1631184768686,"gmtModify":1631889532736,"author":{"id":"3582194391985550","authorId":"3582194391985550","name":"rayjs","avatar":"https://static.tigerbbs.com/c7c5a87eb80a4d23caa89490493c51fd","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582194391985550","authorIdStr":"3582194391985550"},"htmlText":"Aaaa","listText":"Aaaa","text":"Aaaa","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/883000142","repostId":2166319712,"repostType":4,"repost":{"id":"2166319712","kind":"news","pubTimestamp":1631176402,"share":"https://ttm.financial/m/news/2166319712?lang=&edition=full","pubTime":"2021-09-09 16:33","market":"sg","language":"en","title":"Bill Gates' investment firm to take control of Four Seasons in $2.98 billion deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2166319712","media":"The Straits Times","summary":"BENGALARU (REUTERS) - Bill Gates' Cascade Investment is taking control of Four Seasons Hotels and Re","content":"<div>\n<p>BENGALARU (REUTERS) - Bill Gates' Cascade Investment is taking control of Four Seasons Hotels and Resorts by buying about half of Saudi Arabian Prince Alwaleed bin Talal's stake for US$2.21 billion (S...</p>\n\n<a href=\"http://www.straitstimes.com/business/property/bill-gates-investment-firm-to-take-control-of-four-seasons-in-298-billion-deal\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBill Gates' investment firm to take control of Four Seasons in $2.98 billion deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-09 16:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/property/bill-gates-investment-firm-to-take-control-of-four-seasons-in-298-billion-deal><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BENGALARU (REUTERS) - Bill Gates' Cascade Investment is taking control of Four Seasons Hotels and Resorts by buying about half of Saudi Arabian Prince Alwaleed bin Talal's stake for US$2.21 billion (S...</p>\n\n<a href=\"http://www.straitstimes.com/business/property/bill-gates-investment-firm-to-take-control-of-four-seasons-in-298-billion-deal\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"http://www.straitstimes.com/business/property/bill-gates-investment-firm-to-take-control-of-four-seasons-in-298-billion-deal","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2166319712","content_text":"BENGALARU (REUTERS) - Bill Gates' Cascade Investment is taking control of Four Seasons Hotels and Resorts by buying about half of Saudi Arabian Prince Alwaleed bin Talal's stake for US$2.21 billion (S$2.98 billion), the hotel operator said on Wednesday (Sept 8).\nCascade will acquire half of the billionaire prince's stake in Four Seasons, raising its ownership to 71.3 per cent and valuing the hotel chain at US$10 billion on an enterprise basis.\nPrince Alwaleed, through investment vehicle Kingdom Holding Co, will continue to own the remaining stake, Four Seasons said in a statement.\nWhile the prince owns stakes in many companies such as Citigroup and ride-hailing firm Lyft, his investment firm has been selling its stakes in hotels over the last 10 years.\nPrince Alwaleed was freed in early 2018 after being held at Riyadh's Ritz-Carlton Hotel with scores of royals, senior officials and businessmen as part of Saudi Arabia's anti-corruption drive.\nIn an interview with Fox News Channel later that year, the Prince said his detention was \"forgiven and forgotten\".\nSeparately, Kingdom Holding said it would use the cash proceeds from the divestment for future investment and pay down a part of outstanding loans.\nCascade declined to comment beyond the press release. The firm first invested in Four Seasons in 1997.\nThe hotel operator, which manages 121 properties and has over 50 projects in the pipeline, was taken private a decade later by a consortium led by Cascade, Prince Alwaleed and the hotel chain's founder Isadore Sharp.\nMr Sharp will keep his 5 per cent stake as part of the deal.","news_type":1,"symbols_score_info":{}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5805750,"gmtCreate":1631185890648,"gmtModify":1631889532746,"authorId":3558920222538997,"author":{"id":3558920222538997,"idStr":"3558920222538997","authorId":3558920222538997,"name":"不是那么好割的小韭菜","avatar":"https://static.tigerbbs.com/904e087829710bbff7692246e238149c","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":883000142,"type":1,"supId":0,"prevId":0,"content":"可","text":"可","html":"可"},{"id":5805638,"gmtCreate":1631184778211,"gmtModify":1631889532733,"authorId":3582194391985550,"author":{"id":3582194391985550,"idStr":"3582194391985550","authorId":3582194391985550,"name":"rayjs","avatar":"https://static.tigerbbs.com/c7c5a87eb80a4d23caa89490493c51fd","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":883000142,"type":1,"supId":0,"prevId":0,"content":"<u>aa</u>","text":"<u>aa</u>","html":"<u>aa</u>"}],"langContent":"EN"},{"id":889770336,"gmtCreate":1631183767425,"gmtModify":1631889943445,"author":{"id":"3578894182511949","authorId":"3578894182511949","name":"wltan","avatar":"https://static.tigerbbs.com/578ac994ad69614ee393c7c08aca3a38","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3578894182511949","authorIdStr":"3578894182511949"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/889770336","repostId":2166319712,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5805545,"gmtCreate":1631183773954,"gmtModify":1634804425386,"authorId":3578894182511949,"author":{"id":3578894182511949,"idStr":"3578894182511949","authorId":3578894182511949,"name":"wltan","avatar":"https://static.tigerbbs.com/578ac994ad69614ee393c7c08aca3a38","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":889770336,"type":1,"supId":0,"prevId":0,"content":"<u>Ok</u>","text":"<u>Ok</u>","html":"<u>Ok</u>"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":116,"commentSize":10,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.34.2","shortVersion":"4.34.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2166319712"}