Blackstone makes sell offer to NBC-Universal for its stake in Universal Orlando

Posted Wednesday, March 16, 2011 12:18 PM | Contributed by Rick_UK

Private-equity giant The Blackstone Group is looking to unload its stake in Universal Orlando, triggering a chain of events that could ultimately put the entire resort — which is in the midst of its most impressive financial run ever — on the auction block. NBCUniversal now has three months — until June 12 — to accept the offer and buy out the private-equity firm. If NBCUniversal turns Blackstone down, it will trigger a provision allowing Blackstone to seek out an outside bidder to buy the entire resort.

Read more from The Orlando Sentinel.

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