Report: Comcast is buying out Blackstone. Will own all of Universal Orlando
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.
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.
Any mention of Merlin?
Well, there goes internet access in the resorts. ;)
i hope this will not be the end of the orlando flex ticket
Robert, for those of us not savy in the business ways of the world, what does this mean to those of us who just want to go and "ride the movies"?
This buyout will have its pros and cons, because comcast is a good corporation and i hope has a team ready to assets universal Orlando. Some of the pros may include free WI-fi throughout the park, On demand in every resort (Thank God), etc.... Some of the Cons might include, Higher prices on tickets, etc.... but for the most part i think this change is a good change. WHICH IS MY OPINION.
Great, now when a ride breaks, they won't be here until next Monday between 8:00 am - 4:00 pm to fix it.
wonder what affect this will have on the current agreement with marvel, and will this now open the door for disney to incorporate their marvel properties into WDW?
No effect on the Marvel deal. Merlin's not part of the deal, either.
Dr. Niles reports: "The buyout is expected to cost Comcast between $1-1.5 billion."
Why didn't Blackstone's shares jump? Isn't this similar to a buyout?
This article has been archived and is no longer accepting comments.