Posts tagged with: "busch gardens williamsburg"

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It's Official: Blackstone to buy Busch parks

After much speculation and posturing, Blackstone Group LP has agreed to buy Anheuser-Busch Inbev's amusement parks for $2.3 billion in cash and up to another $400 million in extra payments. The extra $400 billion payout depends on Blackstone's return on the investment. The purchase... [More]

Busch, Blackstone theme park deal imminent

The Wall Street Journal reports that Anheuser-Busch InBev has nearly completed a deal whereby the private-equity firm Blackstone Group LP would purchase the SeaWorld and Busch Gardens parks. According to "people familiar with the situation," the deal would have Blackstone paying $2.5 to $3... [More]

Busch Entertainment revenue falls in Q2

It seems that no amusement park is safe from the effects of the economic recession. Busch Entertainment Corp., the management arm of such parks as Busch Gardens and SeaWorld, saw revenues continue to decline in the second quarter of 2009. Revenues dropped 4.2 percent... [More]

Busch Gardens' Big Bad Wolf closing this year

The Big Bad Wolf roller coaster at Busch Gardens Williamsburg is now officially scheduled to be torn down. Stating that the roller coaster had "reached the end of its service life," park management will have the ride closed by Sept. 7. Read the press... [More]