Posted Monday, March 5, 2007 9:37 AM | Contributed by Jeff
Blackstone Group LP agreed to buy Tussauds Group, owner of London's Madame Tussauds waxworks museum, for 1 billion pounds ($1.9 billion) to create the world's second-biggest operator of tourist attractions. Blackstone's Merlin Entertainments Group will acquire Tussauds from Dubai International Capital LLC, a government-backed buyout firm that acquired the waxworks two years ago, the company said in a statement today. Dubai will receive a 20 percent stake in the combined business.
Read more from Bloomberg.
You must be logged in to post