Blackstone sells SeaWorld stake to Chinese investment firm

Posted | Contributed by Brian Noble

Over seven years, the Blackstone Group nearly tripled its investment in SeaWorld, the home of Shamu and other killer whales. On Friday, the company sold its stake in SeaWorld to Zhonghong Group, a Chinese investment firm, for about $449 million. The firm’s final return amounted to about $1.7 billion, or 2.7 times its original investment, according to a person briefed on the matter. SeaWorld said that Blackstone sold its remaining 19.5 million shares to Zhonghong at $23 each, or 26 percent more than the closing price Thursday.

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