Saudi Billionaire Alwaleed’s Firm Sees U.S. Tech as Overvalued

Saudi Billionaire Alwaleed’s Firm Sees U.S. Tech as Overvalued

The investment firm of Saudi Arabian billionaire Prince Alwaleed bin Talal is looking for deals in Europe because U.S. assets, particularly technology stocks, are seen as overpriced.“The markets are really exuberant in the United States versus Europe,” Kingdom Holding Chief Executive Officer Talal Al Maiman said in an interview with Bloomberg TV on Wednesday. “Europe is actually a much better place to invest in at this time.”