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Blackstone Said to Favor SeaWorld IPO as It Weighs Takeover Bids

Blackstone Group LP is leaning toward an initial public offering of SeaWorld Entertainment Inc. after receiving bids from Apollo Global Management LLC and Onex Corp. for the theme-park operator, said people familiar with the matter.

SeaWorld also attracted interest from a team that included Carlyle Group and Advent International Corp., which didn’t make an offer, said one of the people, who asked not to be named because the process is private. Blackstone expects an IPO to yield better returns over time than a possible sale, said one person.