Blackstone acquires Tussauds Group from Dubai Capital for $1.9 billion

Posted | 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.

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