Report: Comcast is buying out Blackstone. Will own all of Universal Orlando
Written by Robert Niles
Perhaps this is just stating what should have been obvious, but reports are confirming that Comcast, the new majority owners of NBCUniversal, will in fact buy out Blackstone Group to obtain full ownership of the Universal Orlando Resort.Tweet
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.
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