Bills Gates and Saudi prince to buy Four Seasons

Microsoft co-founder Bill Gates and Saudi Prince Alwaleed bin Talal are to buy the Four Seasons hotel group for USD 3.7 bn (EUR 2.89 bn). Gates' Cascade Investments will team up with Talal's Kingdom Hotels International to buy the Toronto-based Four Seasons group. The announced price, which is equivalent to USD 82 (EUR 64) per share, values the group at 28 percent higher than its closing price of $63.87 (EUR 49.88) per share last Friday.

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