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Leading luxury hospitality company Four Seasons Hotels and Resorts announced this week that its long standing shareholder, an affiliate of Microsoft founder Bill Gates’ Cascade Investment, L.L.C., has entered into a definitive agreement to acquire a controlling interest in the hospitality company.

In the all-cash deal, Cascade will increase its existing 47.5 percent stake to 71.25 percent by purchasing half of the existing 47.5 percent stake owned by an affiliate of its long-term investment partner Kingdom Holding Company for $2.21 billion, valuing Four Seasons at a $10 billion enterprise value.

 

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