Billionaire Prince Alwaleed bin Talal Bought 1% Interest in GM


General Motors, the big American automobile manufacturer that went bankrupt, was bailed out by the United States government, and just went public again last week, now has a new part owner. Saudi billionaire Prince Alwaleed bin Talal invested $500 million in the company, amounting to a one percent ownership.

The Prince bought into the company because of its potential in China and Brazil.

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