Theme Park Deal to Have Positive Financial Impacts
Oct 7, 2009
By Kelly Pentland
Theme Park Deal to Have Positive Financial Impacts
American investment behemoth, Blackstone Group, is poised to announce the acquisition of Busch Entertainment this week in what will be one of the most significant private equity deals since the credit crunch.
Although the deal has yet to be officially announced, experts believe that the acquisition is worth between $2.5 to $3 million. Busch Entertainment currently own 10 theme parks including SeaWorld.
Blackstone is already in control of Merlin Entertainments' Madame Tussauds and Sea Life.
The Times believes that Blackstone intend to keep the Busch and Merlin business separate for the foreseeable future.
