Feeds

Now Gates buys Four Seasons

Where do you want to stay today?

Next gen security for virtualised datacentres

Bill Gates and a Saudi prince are set to buy the Four Seasons hotel group. The surprise move into Bed & Breakfast probably won't absorb too much of the Microsoft founder's time.

Gates's personal investment company Cascade is teaming with Saudi Prince Al-Waleed's group, Kingdom Hotels International, to make an offer of $3.7bn for the hotel chain. The chain has 71 hotels, mostly in the US and Asia and some in the Middle East and Europe.

The offer values each share at $82 - 28 per cent higher than they were changing hands for before the bid was announced.

The bid is being headed up by Four Seasons founder and chief executive Isadore Sharp. He will stay on as chief executive and stands to make $288m from the deal.

Prince Al-Waleed bin Talal is already a major shareholder in the chain.

The management buyout needs regulator and shareholder approval.

There's a press release announcing the deal here.®

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.