Comcast's NBC-Universal buys Blackstone stake in Universal Orlando for $1 billion

Posted Tuesday, June 7, 2011 12:14 PM | Contributed by Jeff

Comcast Corp.’s NBC-Universal agreed to buy the 50 percent stake in two Universal Studios theme parks it doesn’t already own from private-equity firm Blackstone Group LP for about $1 billion. The transaction puts the overall value of the Orlando, Florida parks at about $3.17 billion, Philadelphia-based Comcast said in a statement today. Blackstone, based in New York, paid about $275 million for its stake in 2000.

Read more from Bloomberg.

Tuesday, June 7, 2011 12:15 PM

Hooray, Kabletown! It seemed like a no-brainer to me from the start, despite the analyst oppositions. It's good news for us because it means nothing changes in a negative way.

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Tuesday, June 7, 2011 9:39 PM

I agree Jeff. I am looking forward to see what direction Comcast takes with the theme park division. Dare I say could it rival the mouse? :)

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Wednesday, June 8, 2011 1:53 AM

Color me surprised.

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Wednesday, June 8, 2011 2:38 AM

Coasterfantom2 said:
I am looking forward to see what direction Comcast takes with the theme park division.

They're just going to start putting artificial caps on everyone's fun quota. ;)

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Wednesday, June 8, 2011 5:47 AM

They are also planning on throttling the coasters' speeds and charge the riders and ride operators everytime a certain coaster exceeds "speedwidth".

IHC Ride-Op: "I'm sorry the Incredible Hulk Coaster is closed right now due to technical difficulties. A technician will be coming by on Thursday between 8am and 4pm to fix the attraction, thank you.

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Wednesday, June 8, 2011 7:09 AM

I can see it now: Harry Potter and the Comcastic Journey! UGH!

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Wednesday, June 8, 2011 7:37 AM

Wow, who knew comcast had that much paper.

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Wednesday, June 8, 2011 5:34 PM

delan said:
Wow, who knew comcast had that much paper.

It will be paid by me and the other million households who send comcast a hundred dollars a month for cable and internet :)

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