It's official: Blackstone out at Universal Orlando
Written by Robert Niles
Here's the memo going around the company: (And yes, we told you about this already.)Tweet
NBCUniversal and The Blackstone Group have announced that they have entered into an agreement whereby NBCUniversal will purchase Blackstone's 50% interest in Universal Orlando, giving NBCUnviersal and its affiliates a complete stake in Universal Studios Florida, Universal Islands of Adventure and Universal CityWalk.
The price for Blackstone's 50% stake in Universal Orlando? $1.025 billion. For perspective, Disney's spending $1.1 billion on its revamp of the California Adventure theme park.
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