GE retains Universal for at least another year

Posted | Contributed by Jeff

General Electric Co. has locked itself into the volatile theme-park business for another year, promising not to sell its share of Universal Orlando at least until 2006. GE has renewed an agreement with the Blackstone Group -- the New York private-equity firm that owns the other half of Universal Orlando -- to prevent any sale until after January 1, 2006.

Read more from The Orlando Sentinel.

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