A-B InBev Planning Billion-Dollar Sale of Busch Gardens and Sea World
Mon., Oct. 5 2009 @ 1:30PM
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Oh InBev, don't you know how to have any fun?
Rumors are swirling that the Blackstone Group is offering around $3 billion (!) for the theme parks. Yes, your company is $52 billion in debt from buying out St. Louis' largest brewer. But heck, don't you realize that owning acres and acres of roller coasters and exotic wildlife is the American dream? Oops, you're Belgian. Never mind.
The St. Louis Business Journal has the details on the impending sale:
Blackstone Group, the world's largest private-equity firm, may buy A-B InBev's theme parks, which include SeaWorld and Busch Gardens, for about $2.5 billion to $3 billion, unnamed sources told The Wall Street Journal and Bloomberg News.Blackstone also owns Madame Tussaud's wax museum in addition to Universal Orlando so they'll be uniquely equipped to handle all the incidents at Busch Gardens like lions biting people's arms off, geese flying into the faces of Italian fashion models, multiple heart attacks, and hemophiliacs dying of septic shock.
An agreement may come as soon as this week, according to the media reports.
Representatives of Blackstone and A-B InBev have declined to comment.
New York-based Blackstone co-owns Universal Orlando with NBC Universal, a unit of Fairfield, Conn.-based General Electric Co.
On second thought, maybe cutting off the workers' beer stipend was a good idea after all.






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