NBC-Universal completes purchase of Universal Orlando

Posted Friday, July 1, 2011 2:07 PM | Contributed by Jeff

Comcast Corp.'s NBCUniversal said Friday that it has completed the previously announced acquisition of The Blackstone Group's 50 percent interest in the Universal Orlando theme park. The purchase of the stake for $1.03 billion was funded with cash on hand, borrowings under NBCUniversal's existing credit line and a one-year $250 million note from an affiliate of Comcast.

Read more from AP via Forbes.

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