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Comcast to Buy Blackstone’s Stake in Parks, Reports

May 31 (Bloomberg) -- Comcast Corp., owner of NBC Universal Inc., intends to acquire Blackstone Group’s 50 percent stake in two Universal theme parks in Florida, the website reported.

Comcast is expected to pay $1 billion to $1.5 billion for the stake in Universal Studios Florida and Islands of Adventure, the website said, citing a person with knowledge of the deal. Comcast’s board is expected to approve the transaction, the website said.

Link to Company News:{BX US <Equity> CN <GO>} Link to Company News:{CMCSA US <Equity> CN <GO>} Link to Company News:{GE US <Equity> CN <GO>}

To contact the reporter on this story: Anthony Palazzo in Los Angeles at

To contact the editor responsible for this story: Anthony Palazzo at

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