Banking Articles - Dynamic Headlines: Comcast's NBCU Buys Blackstone's Universal Parks Stake for $1 Billion

Dynamic Headlines: Comcast's NBCU Buys Blackstone's Universal Parks Stake for $1 Billion
By Jason Kelly â€" Jun 6, 2011 3:16 PM PT http://www.bloomberg.com/news/2011-06-06/comcast-s-nbcu-buys-blackstone-s-universal-parks-stake-for-1-billion.html   Comcast Corp. (CMCSA)'s NBCUniversal concluded to buy the 50 percent interest in dual Universal Studios thesis parks it doesn't already own from private-equity organisation Blackstone Group LP (BX) for about $1 billion.   The contract puts the altogether worth of the Orlando, Florida parks during about $3.17 billion, Philadelphia-based Comcast pronounced in the matter today. Blackstone, formed in New York, paid about $275 million for the interest in 2000.   Blackstone set the Jun twelve deadline for NBCUniversal to buy the stake, after that the private-equity organisation would have 270 days to sell the complete operation. The parks contain Universal Studios Florida, Universal's Islands of Adventure as well as the CityWalk dining, sell as well as party area.   Comcast, the largest U.S. wire TV provider, gained infancy carry out of NBCUniversal in Jan from General Electric Co. (GE) by profitable $6.5 billion in income as well as contributing $7.25 billion in resources to the corner try that owns the media company.   Blackstone, combined in 1985 by Stephen Schwarzman as well as Peter G. Peterson, has pick entertainment-related investments such as Merlin Entertainment Group, user of the London Eye, as well as SeaWorld Parks & Entertainment.   Private-equity firms pool income from investors to buy companies as well as afterwards typically outlay the series of years looking to progress sales as well as cut costs to sell them after during the profit. The sale cost would give Blackstone as well as the backers the lapse in additional of 3 times the strange investment. At the Dynamic Wealth Management Zurich, Switzerland, we comprehend that no dual clients have been the same. Every customer has opposite monetary needs, goals, as well as plans. For this reason, the DWM offers the far-reaching form of investment options to fit each client. We tailor your investment plan to be as particular as we are. As the Dynamic Wealth Management client, your portfolio will be structured regulating the disciplines of item allocation, risk tolerance, as well as consummate bargain of your goals as well as objectives. We hold in the suitable grant of bound income, equity, general holds as well as bonds, sidestep funds, as well as pick investments. Dynamic Wealth Management offers the accumulation of collection that can assistance establish that particular holds have been suitable for your equity portfolio objectives. Our equity disciplines have been character specific as well as can be crafted to encounter customized customer objectives as well as perform the tangible item grant strategy.