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Alwaleed Bin Talal

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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.
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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.
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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
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
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
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 4, 1998 | From Bloomberg News
Mediaset, Italy's largest private television company, Rupert Murdoch's TV companies, Germany's Kirch Group and Saudi Prince Alwaleed bin Talal are in talks to create a European TV powerhouse, officials at some of the companies said. One of the ideas under discussion involves the purchase of stakes in debt-laden Kirch, Germany's second-largest media company, by Mediaset; British Sky Broadcasting, England's biggest pay TV company, controlled by Murdoch's News Corp.
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.
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
January 26, 2004 | Richard Verrier, Times Staff Writer
Walt Disney Co. needs a real-life prince. His name is Alwaleed bin Talal. His grandfather was Saudi Arabia's founding monarch. With huge stakes in companies ranging from Citigroup Inc. to the Four Seasons luxury hotel chain, he is one of the richest men on the planet. That's why Disney needs him. The company's Paris resort is suffering severe losses. Alwaleed came to the rescue before and is being courted once again.
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
May 17, 2000 | Bloomberg News
Finally: The answer to the question of who was buying stocks in mid-April when so many other investors were selling. Prince Alwaleed bin Talal, a 43-year-old nephew of Saudi Arabia's King Fahd, said Tuesday that he spent $1 billion in recent weeks and months buying shares in 15 U.S. companies, including Amazon.com, Walt Disney, Coca-Cola and AT&T. "We bought all these companies, which are here for the long run, after their share prices had collapsed by as much as 70%," Alwaleed said.
BUSINESS
May 17, 2000 | Bloomberg News
Finally: The answer to the question of who was buying stocks in mid-April when so many other investors were selling. Prince Alwaleed bin Talal, a 43-year-old nephew of Saudi Arabia's King Fahd, said Tuesday that he spent $1 billion in recent weeks and months buying shares in 15 U.S. companies, including Amazon.com, Walt Disney, Coca-Cola and AT&T. "We bought all these companies, which are here for the long run, after their share prices had collapsed by as much as 70%," Alwaleed said.
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
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.
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