Skip to content
Subscriber Only

Comcast Buys Blackstone’s Universal Parks Stake for $1 Billion

Comcast Corp.’s NBCUniversal agreed to buy the 50 percent stake in two Universal Studios theme parks it doesn’t already own from private-equity firm Blackstone Group LP for about $1 billion.

The transaction puts the overall value of the Orlando, Florida parks at about $3.17 billion, Philadelphia-based Comcast said in a statement today. Blackstone, based in New York, paid about $275 million for its stake in 2000.