Investors Offer to Sell Stake in Universal Theme Parks Back to NBCU

Investors Offer to Sell Stake in Universal Theme Parks Back to NBCU

Published: March 16, 2011 @ 9:07 am
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By Bloomberg/Ronald Grover

The Blackstone Group offered to sell its 50 percent stake in two Universal Studios theme parks in Florida back to NBC Universal, triggering the possible divestment of both partners’ stakes.

The offer was reported in a filing by Universal City Development Partners Ltd. NBC, controlled by Comcast, has until June 12 to accept the offer, according to the filing.

The move, coming less than two months after Philadelphia-based Comcast took control of NBC Universal, forces the new owner to buy out Blackstone’s stake or facilitate a sale of the theme parks.

Read more from Bloomberg.

Tags: Comcast, deals, Movies, NBC Universal, theme parks, Universal Orlando, Universal Studios
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