Comcast's NBC-Universal buys Blackstone stake in Universal Orlando for $1 billion

Posted Tuesday, June 7, 2011 12:14 PM | Contributed by Jeff

Comcast Corp.’s NBC-Universal agreed to buy the 50 percent stake in two Universal Studios theme parks it doesn’t already own from private-equity firm Blackstone Group LP for about $1 billion. The transaction puts the overall value of the Orlando, Florida parks at about $3.17 billion, Philadelphia-based Comcast said in a statement today. Blackstone, based in New York, paid about $275 million for its stake in 2000.

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