×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

Blackstone buys Tussauds Group from Dubai

Blackstone buys Tussauds Group from Dubai
Comment E-mail Print Share
First Published: Mon, Mar 05 2007. 04 52 PM IST
Updated: Mon, Mar 05 2007. 04 52 PM IST
BLOOMBERG
LONDON: Blackstone Group LP agreed to buy Tussauds Group, owner of London’s Madame Tussauds waxworks museum, for 1 billion pounds ($1.9 billion) to create the world’S second-biggest visitor-attractions operator.
Blackstone’s Merlin Entertainments Group will buy Tussauds from Dubai International Capital, a government-backed fund that bought Tussauds two years ago, the company said in a Regulatory News Service statement today. Dubai will also receive a 20% stake in the combined business.
Comment E-mail Print Share
First Published: Mon, Mar 05 2007. 04 52 PM IST