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Blackstone buys Busch Gardens


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#1 ronsmytheiii

ronsmytheiii

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Posted 07 October 2009 - 03:52 PM

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Private equity firm Blackstone Group announced Wednesday it had reached a $2.7 billion deal with Anheuser-Busch InBev to purchase Busch Entertainment Corp., which operates Busch Gardens and Water Country USA in Williamsburg and other theme parks across the country. Blackstone, which already has a portfolio of entertainment and theme park properties, will give the brewing company $2.3 billion in cash plus initial investment rights valued up to $400 million, according to a news release.

http://hamptonroads....llion-dealStill dont get why Indev is selling, the theme park department was the most profitable in the Anheuser-Busch corporation

 



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