Bill Gates’ investment firm has acquired a stake in the Four Seasons hotel chain from Saudi Prince Alwaleed bin Talal’s Kingdom Holding Co. The Microsoft founder’s firm, Cascade Investment LLC, will pay $2.2 billion, bringing his stake to 71.25 per cent from 47.5 per cent, according to a statement. The transaction means the Canadian company has an overall enterprise value of $10 billion, Four Seasons said in a statement. This would make Gates a major shareholder in the luxury hotel chain, with the industry hoping that with the global vaccination programme, people will go back to traveling. Gates and Prince Alwaleed have known each other for many years and the tech ma
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