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Last Updated: Oct 7, 2009 - 2:53:58 PM
SeaWorld buyout made official
By Leah Zanolla
Oct 7, 2009
Anheuser-Busch InBev finally has a buyer for SeaWorld. They announced today that they have made a deal with the Blackstone Group to sell its entertainment business for $2.7 billion. According to Central Florida News 13, "that entertainment business includes three SeaWorld parks in Orlando, San Antonio, and San Diego, two Busch Gardens parks in Tampa and Williamsburg, and other family entertainment attractions in Orlando, Tampa, Williamsburg and Langhorne, Pennsylvania."
Adding an interesting twist to the deal, The Blackstone Group has a 50 percent stake in Universal Orlando. There has been speculation that Blackstone would have SeaWorld, Universal and Busch Gardens combine forces to compete with Walt Disney World, but executives for the company say that is not their plan.
The company is not planning too many changes for the parks at the present time. Busch Gardens will be allowed to keep its name, but Anheuser-Busch products will no longer be advertised. This also includes moving the popular Budweiser Clydesdale horses out of SeaWorld.
Last Updated: Oct 7, 2009 - 2:53:58 PM
SeaWorld buyout made official
By Leah Zanolla
Oct 7, 2009
Anheuser-Busch InBev finally has a buyer for SeaWorld. They announced today that they have made a deal with the Blackstone Group to sell its entertainment business for $2.7 billion. According to Central Florida News 13, "that entertainment business includes three SeaWorld parks in Orlando, San Antonio, and San Diego, two Busch Gardens parks in Tampa and Williamsburg, and other family entertainment attractions in Orlando, Tampa, Williamsburg and Langhorne, Pennsylvania."
Adding an interesting twist to the deal, The Blackstone Group has a 50 percent stake in Universal Orlando. There has been speculation that Blackstone would have SeaWorld, Universal and Busch Gardens combine forces to compete with Walt Disney World, but executives for the company say that is not their plan.
The company is not planning too many changes for the parks at the present time. Busch Gardens will be allowed to keep its name, but Anheuser-Busch products will no longer be advertised. This also includes moving the popular Budweiser Clydesdale horses out of SeaWorld.