Advertisement
YOU ARE HERE: LAT HomeCollectionsAlwaleed Bin Talal
IN THE NEWS

Alwaleed Bin Talal

FEATURED ARTICLES
BUSINESS
November 3, 2000
Saudi Arabia's billionaire Prince Alwaleed bin Talal said he plans to double his investment in America Online Inc. to $2 billion after the firm posted good third-quarter results.
ARTICLES BY DATE
BUSINESS
November 7, 2006 | From Reuters
Saudi Prince Alwaleed bin Talal and an investment firm owned by Microsoft Corp. Chairman Bill Gates launched an offer for Four Seasons Hotels Inc. on Monday that proposed to take the Canadian luxury hotelier private. News of the bid from two of the world's richest men sent the company's stock up more than 29%, slightly topping the bid price of $82 a share in cash.
Advertisement
BUSINESS
April 13, 1993 | From Times Staff and Wire Reports
Saudi Prince Said to Have Sold Huge Citicorp Stake: Saudi Prince Alwaleed Bin Talal Al Saud sold half of his stake in Citicorp common shares for a profit of $156.2 million, his financial and legal adviser Faissal Fahad said. The Prince had owned 16.6 million, or 4.3%, of Citicorp's common shares, according to a Feb. 18 filing with the Securities and Exchange Commission. He also owned preferred shares that convert into 36.875 million, or 9.14%, of Citicorp common.
BUSINESS
September 7, 2005 | From Times Staff and Wire Services
Time Warner Inc. Chief Executive Richard Parsons, under the gun from financier Carl Icahn to boost the media conglomerate's stock price, received a vote of confidence Tuesday from the world's fifth-richest man. "We have full trust and confidence in Mr. Parsons," Saudi Prince Alwaleed bin Talal said in an interview from Paris. Alwaleed owns about 1% of New York-based Time Warner. Separately, Alwaleed also reiterated his support for another media chief, News Corp.
BUSINESS
August 27, 1999 | Bloomberg News
U.S. stocks are too rich for at least one prince's royal blood. Billionaire Saudi Prince Alwaleed Bin Talal, the biggest shareholder of Citigroup Inc. and Apple Computer Inc., says the U.S. market is so expensive that he won't make any new investments for the foreseeable future. Alwaleed, 42, who estimates his fortune at $14.5 billion, said he expects a "major correction" in stocks and will wait until it occurs before buying a large stake in another company.
ENTERTAINMENT
July 27, 2005 | From Bloomberg
Saudi Prince Alwaleed bin Talal is donating about $20 million toward the building of an Islamic art wing at the Louvre, the largest-ever gift to the museum in what Alwaleed described as "an investment" to better explain the Islamic world to Europeans. The gift accounts for nearly one-third of the $66 million the Louvre plans to spend on its new Islamic art galleries, to open in 2009. The rest of the funding is coming from the French government and several French corporations.
BUSINESS
December 25, 1997 | Reuters
Saudi Arabia's Prince Alwaleed bin Talal plans to invest in Microsoft Corp. Chairman Bill Gates' Teledesic Corp., a statement from the billionaire investor's office said. "Prince Alwaleed plans to invest in a joint project with Teledesic to finance and launch a network of . . . satellites that will transmit voice, data and the Internet to cover every spot on Earth," said the statement from his office in the Saudi capital, Riyadh.
BUSINESS
February 22, 1991 | JAMES BATES, TIMES STAFF WRITER
A 36-year-old billionaire Saudi prince is investing a staggering $590 million in Citicorp that eventually could give him nearly 15% ownership of the nation's largest banking firm, Citicorp disclosed late Thursday. Citicorp identified the investor as Prince Alwaleed Bin Talal, a California-educated businessman who made much of his fortune in construction. The deal, which has been cleared by federal regulators, is one of the largest investments in banking history.
BUSINESS
June 2, 1994 | JESUS SANCHEZ, TIMES STAFF WRITER
"Someday, my prince will come . . . " --Snow White, 1937 Someday was Wednesday for Walt Disney Co. and its partners in Euro Disney, as a Saudi Arabian prince pledged to invest up to $500 million in a plan designed to rescue the deeply troubled theme park.
BUSINESS
September 23, 1998 | From Bloomberg News
Rupert Murdoch's News Corp., Saudi Prince Alwaleed bin Talal and Italy's Mediaset are close to reaching a deal to buy up to 25% of debt-laden Kirch Group, Germany's second-largest media company, for about $2 billion, according to one of the prince's top advisors. But sources close to News Corp. cautioned that major issues, such as determining the value of the Kirch assets, are unresolved and that the company has yet to complete a review of Kirch's financial statements.
ENTERTAINMENT
July 27, 2005 | From Bloomberg
Saudi Prince Alwaleed bin Talal is donating about $20 million toward the building of an Islamic art wing at the Louvre, the largest-ever gift to the museum in what Alwaleed described as "an investment" to better explain the Islamic world to Europeans. The gift accounts for nearly one-third of the $66 million the Louvre plans to spend on its new Islamic art galleries, to open in 2009. The rest of the funding is coming from the French government and several French corporations.
WORLD
November 18, 2003 | Richard Verrier, Times Staff Writer
Prince Alwaleed bin Talal, an influential nephew of the king and one of the world's richest men, says his country must accelerate social, political and economic reforms and better confront the causes of the Sept. 11 terrorist attacks. "You have to ask the simple question. Why 15 Saudis? You can't just say it happened by coincidence," Alwaleed said in an interview with the Los Angeles Times, referring to the 15 Saudis among the 19 hijackers in the attacks on New York and Washington.
BUSINESS
August 9, 2001 | From Times Staff and Wire Services
Billionaire Saudi Prince Al Waleed ibn Talal ibn Abdulaziz al Saud, a self-proclaimed "buy and hold" investor, apparently has sold shares of McDonald's Corp. (ticker symbol: MCD), Coca-Cola Co. (KO) and Gillette Co. (G) in recent months. The three companies weren't on a list of current holdings provided by Al Waleed's office, after appearing on a list distributed in November. Donna Karan International Inc. (DK), Hyundai Motor Co. (HYMTF) and Malaysia's No.
BUSINESS
November 3, 2000
Saudi Arabia's billionaire Prince Alwaleed bin Talal said he plans to double his investment in America Online Inc. to $2 billion after the firm posted good third-quarter results.
BUSINESS
August 27, 1999 | Bloomberg News
U.S. stocks are too rich for at least one prince's royal blood. Billionaire Saudi Prince Alwaleed Bin Talal, the biggest shareholder of Citigroup Inc. and Apple Computer Inc., says the U.S. market is so expensive that he won't make any new investments for the foreseeable future. Alwaleed, 42, who estimates his fortune at $14.5 billion, said he expects a "major correction" in stocks and will wait until it occurs before buying a large stake in another company.
BUSINESS
August 24, 1999 | From Bloomberg News
Viacom Inc., the world's fourth-largest media company, is in talks to buy a stake in Kirch Group, Germany's second-largest media company, according to Saudi Prince Al Waleed ibn Talal ibn Abdulaziz al Saud. The prince, who has holdings in several media companies, said Viacom Chairman Sumner Redstone asked him to broker the transaction last week. "He wants to invest in Kirch and wants us to mediate," Al Waleed said in an interview here.
BUSINESS
August 24, 1999 | From Bloomberg News
Viacom Inc., the world's fourth-largest media company, is in talks to buy a stake in Kirch Group, Germany's second-largest media company, according to Saudi Prince Al Waleed ibn Talal ibn Abdulaziz al Saud. The prince, who has holdings in several media companies, said Viacom Chairman Sumner Redstone asked him to broker the transaction last week. "He wants to invest in Kirch and wants us to mediate," Al Waleed said in an interview here.
BUSINESS
January 12, 1993 | From Times Staff and Wire Reports
Saudis Buy Stake in Saks: United Saudi Commercial Bank said it has bought a $100-million stake in Saks Fifth Ave. on behalf of a group of Saudi investors that includes Saudi Prince al-Walid, the largest individual stockholder in New York-based Citicorp. Saudi bank officials said the stake represents more than 11% of the total book value of the fashion retailer, which was put at $900 million. They said the bank bought the stake on Dec.
BUSINESS
September 23, 1998 | From Bloomberg News
Rupert Murdoch's News Corp., Saudi Prince Alwaleed bin Talal and Italy's Mediaset are close to reaching a deal to buy up to 25% of debt-laden Kirch Group, Germany's second-largest media company, for about $2 billion, according to one of the prince's top advisors. But sources close to News Corp. cautioned that major issues, such as determining the value of the Kirch assets, are unresolved and that the company has yet to complete a review of Kirch's financial statements.
BUSINESS
December 25, 1997 | Reuters
Saudi Arabia's Prince Alwaleed bin Talal plans to invest in Microsoft Corp. Chairman Bill Gates' Teledesic Corp., a statement from the billionaire investor's office said. "Prince Alwaleed plans to invest in a joint project with Teledesic to finance and launch a network of . . . satellites that will transmit voice, data and the Internet to cover every spot on Earth," said the statement from his office in the Saudi capital, Riyadh.
Los Angeles Times Articles
|