After a few months of negotiations between InBev and Blackstone, they have finally come to an agreement to sell the Busch Parks which include Busch Gardens Williamsburg, Busch Gardens Tampa, SeaWorld Parks and Sesame Place.
Blackstone has agreed to pay $2.3 billion in cash and get an investment of up to $400 million in its initial returns via InBev. Blackstone will now own 100% of the Busch properties.
Blackstone Group already owns a 50% stake in Universal Orlando. They also own Merlin Entertainment which runs Madame Tussauds and the Legoland parks through out Britain and the United States.
For more information on the sale of the Busch Parks please check out The Orlando Sentinal.
Tags: BlackStone, Blackstone Group, Busch Gardens Tampa, Busch Gardens Williamsburg, Merlin Entertainment
Will this mean some sort of partnership with universal and bush gardens?
It really didn't say so in the article but stranger things could happen. :-D
I wonder if this would give any hope to the Big Bad Wolf?
This company is going to own more theme parks then Disney! They also own the Hilton Hotels Company.
No more beechwood mulch from the breweries in the landscaping? We lost the free beer in the parks awhile ago.
AB: a class act. Thanks InBev.
Definitely no more ads against non American owned SABMiller in the lavs now.
All summer I've been running into a kid that works at Sesame Place and hinting about how it could be the last for Busch Entertainment under Anheuser control.
Does this mean it's the end of "Beer School"?
Beer School has been over since February I believe.
My brother has a certificate.