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Merlin to Acquire Village Roadshow Assets for A$115 Million

Merlin Entertainments Group, the U.K. owner of Legoland and Madame Tussauds, agreed to buy tourism assets from Village Roadshow Ltd. for A$115 million ($113.9 million) to expand into the Australian and New Zealand markets.

Merlin will acquire Sydney Attractions Group and Kelly Tarlton’s Underwater World from the Melbourne-based media and entertainment company in a cash transaction that is likely to be concluded in the first quarter of 2011, Merlin said in an e-mailed statement today.