Report: Comcast is buying out Blackstone. Will own all of Universal Orlando
Published: May 30, 2011 at 11:17 PM
Blackstone earlier this year exercised its option to force a buyout or sale of the resort's holding company, following the record-breaking launch of The Wizarding World of Harry Potter and the boost it provided not only to the resort's cash flow, but its capital value, as well.
The buyout is expected to cost Comcast between $1-1.5 billion.