Bill Gates bids for Four Seasons



Bill Gates and a Saudi prince are set to buy the Four Seasons hotel group. Bill Gates' personal investment company Cascade is teaming with Saudi Prince Al-Waleed's group, Kingdom Hotels International, to make an offer of $3.7 billion for the hotel chain. The chain has 71 hotels, mostly in the US and Asia and some in the Middle East and Europe.

The offer values each share at $82 – 28% higher than they were changing hands for before the bid was announced. The bid is being headed up by Four Seasons founder and chief executive Isadore Sharp. He will stay on as chief executive and stands to make $288 million from the deal. Prince Al-Waleed bin Talal is already a major shareholder in the chain. The management buyout needs regulator and shareholder approval.

To conclude, it is easy to see that Four Seasons (one of the most powerful chain in the world specialised in Luxury and hotel industry) will become probably the Top chain in the world due to the purchase of two prestigious and competent business man.


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