Comcast says it will make decision on Universal Orlando purchase next month

Posted Wednesday, May 4, 2011 12:14 PM | Contributed by Jeff

Comcast Corp said on Wednesday it will make a decision on whether to buy out Blackstone Group LP's 50 percent stake in their Universal Orlando theme park joint venture in the next month. The No.1 U.S. cable company became an owner of its stake after it closed the deal to take control of NBC Universal in January. Blackstone, which bought into the theme park in 2000, has set in motion a right of first refusal clause that gives NBC Universal until June 12 to make a decision.

Read more from Reuters.

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