The Conservative Cave

Current Events => Economics => Topic started by: cavegal on November 23, 2010, 05:05:00 PM

Title: Saudi prince buys 1 percent GM stake
Post by: cavegal on November 23, 2010, 05:05:00 PM

http://www.nypost.com/p/news/business/saudi_prince_buys_percent_gm_stake_HiBMexMZZmK5yNkFYIa6SL

Quote

Saudi tycoon Prince Alwaleed bin Talal and his Kingdom Holding Co. invested $500 million in General Motors during the US auto giant's initial public offering last week, the Saudi company said Tuesday.

The investment amounts to a one percent stake in GM, Kingdom said in a statement.

"The decision of Kingdom Holding Company and Prince Alwaleed to invest in GM was based on the global strength of General Motors brand, the relatively attractive offering price, and the company's growth prospects in Brazil and China," Kingdom said in the statement.

Oh really?

Title: Re: Saudi prince buys 1 percent GM stake
Post by: Duke Nukum on November 23, 2010, 05:12:01 PM

Kiss that 1% goodbye.

Title: Re: Saudi prince buys 1 percent GM stake
Post by: thundley4 on November 23, 2010, 08:01:18 PM

I think this guy also owns shares of Fox News

Title: Re: Saudi prince buys 1 percent GM stake
Post by: RightCoast on November 23, 2010, 08:08:34 PM

Quote from: thundley4 on November 23, 2010, 08:01:18 PM

I think this guy also owns shares of Fox News

And the Clintoon Library?