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On October 7, 2009, the discussions came to fruition as Anheuser-Busch InBev announced plans to sell Busch Entertainment Corporation to the Blackstone Group in a deal worth approximately US$2.7 billion. As part of the deal, Blackstone maintained the current management team from Busch Entertainment and operate it as a separate entity.
Busch Entertainment Corporation, now called United Parks & Resorts, was created as a subsidiary of Anheuser-Busch Companies to run the various parks in 1959. In 2009, AB InBev , formed from the purchase of Anheuser-Busch by InBev , sold the amusement parks to the Blackstone Group .
In December 2009, Blackstone acquired Busch Entertainment Corporation from Anheuser-Busch InBev for $2.9 billion. In November 2013, Merlin Entertainments, owned in part by Blackstone Group, became a public company via an initial public offering on the London Stock Exchange.
Private-equity firms don't have a good track record for improving the properties they buy. They're better known for buying firms, improving efficiencies (sometimes to the company's detriment ...
The parks were bought in 1989 by Busch Entertainment Corp., the family entertainment division of Anheuser-Busch, which is best known for brewing beer. In 2009, Busch Entertainment was sold to the Blackstone Group and subsequently renamed SeaWorld Entertainment.
With private-equity firm Blackstone Group, which owns Madame Tussauds wax. Shamu, the first female orca ever captured, has been dead for 38 years. Isn't it time the world's most famous performing ...
Potential buying participants were speculated, to be the Blackstone Group, Cedar Fair, Parques Reunidos, and Six Flags, as all were operating parks domestically or globally. In early August, it was reported that the Blackstone Group, operating Merlin Entertainment, and Parques Reunidos, were emerging to bid for the Busch parks.
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