NBCUniversal announced an agreement to purchase The Blackstone Group’s 50 percent stake in the Universal Orlando theme park Monday.
Blackstone paid a reported $275 million for the stake in 2000 from Rank Group. The deal included an additional payment of up to $75 million contingent on performance. The 2000 deal put an enterprise value on the company of $2 billion, while this week's deal values the company at $3.16
Blackstone sells stake in Universal Orlando
NBCU will pay $1bn to buy Blackstone's 50% stake in the theme park, which the firm reportedly acquired for $275m in 2000.
