Gates, Prince Alwaleed Bin Talal in Joint Bid for Four Seasons Hotel
Feb 13, 2007
Four Seasons goes private with $3.4 billion buyout
Following a wave of consolidations in the lodging industry, Four Seasons Hotels Inc. becomes the latest target of a trend toward taking hotel operators private. Canadian-based luxury hotel chain on Monday accepted a $3.4 billion bid from an investor group that includes its own chief executive as well as Saudi Prince Alwaleed Bin Talal and Microsoft Chairman Bill Gates.
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