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Comcast Buys Universal Orlando Theme Park: +$1 Billion Headed for Latest Acquisition

Phillip Dampier May 31, 2011 Comcast/Xfinity, Consumer News No Comments

Don't look now: Comcast is acquiring theme parks!

Comcast is planning to assume full control of NBCUniversal’s Universal Orlando theme park in a deal worth at least $1 billion dollars, according to a source reported by the Orlando Sentinel.  Universal Orlando is NBCUniversal’s most profitable theme park, home to the popular Wizarding World of Harry Potter, which has attracted record crowds.

The company is picking up the stake of its partner Blackstone Group, and will gain full ownership of the theme park when the transaction closes.

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Stop the Cap!