Saudi Prince Walid bin Talal says he took a $500M piece of General Motors' (GM -2.4%) IPO,...

|About: General Motors Company (GM)|By:, SA News Editor

Saudi Prince Walid bin Talal says he took a $500M piece of General Motors' (GM -2.4%) IPO, representing a 1% stake in the company. He was one of several big investors GM and its advisers courted during the IPO process. The prince isn’t afraid to offer his advice to the heads of companies he invests in - just ask Vikram Pandit (C).