Full ownership of Universal Orlando could soon belong to Comcast


A report today from TheWrap.com suggests that Comcast is seeking full ownership of the Universal Orlando theme park.


The cable giant’s purchase of NBCUniversal earlier this year gave the company ownership of exactly 50 percent of Orlando’s second-largest theme park. However, it has been widely reported that park co-owner Blackstone is willing to sell its share of the attraction.


A deal for full ownership of the park could cost Comcast an additional $1 billion to $1.5 billion. Comcast has until June 12 to buy out Blackstone or else the company will be free to hear third-party bids on the property.


The report comes on the heels of one of Universal Orlando’s most successful year-openings to date. The brand new Wizarding World of Harry Potter led the park to a 68 percent increase in attendance during the first three months of 2011.     


Source: Orlando Sentinel


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