Four Seasons Hotels and Resorts said Cascade Investment, the investment vehicle of Microsoft co-founder Bill Gates, has agreed to buy a controlling stake in the company, giving it an enterprise value of $10 billion
Four Seasons Hotels and Resorts said Cascade Investment LLC, the investment vehicle of Microsoft Corp. co-founder Bill Gates, has agreed to buy a controlling stake in the company, giving it an enterprise value of $10 billion.
In the all-cash deal, Cascade’s stake will increase to 71.25% from 47.5% by buying half of the existing 47.5% stake owned by Kingdom Holding Co. for $2.21 billion, the luxury hotel company said Wednesday.
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