Comcast Corp. has agreed to pay investor Blackstone Group more than $1 billion to buy the half of Universal Studios Florida and Islands of Adventure theme parks in Orlando that Comcast doesn't already own, reports TheWrap.com here.
No word from Comcast or Blackstone, so far. Wall St. Journal reported the two were in talks in April.
There'd been speculation when Comcast bought NBC Universal that the parks were among the assets Comcast was likely to sell. But Comcast cfo Michael Angelakis last week called the parks a "reasonably good business" and said a decision on what to do with them was close.
Posted: May 31, 2011 - 9:30 AM
Joseph N. DiStefano
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