Enter multiple symbols separated by commas

Blackstone to cut stake in SeaWorld to 25 percent

A SeaWorld penguin poses next to a NYSE trader's tablet at the launch of SeaWorld's IPO.
Adam Jeffery | CNBC
A SeaWorld penguin poses next to a NYSE trader's tablet at the launch of SeaWorld's IPO.

The Blackstone Group, the single largest shareholder in SeaWorld Entertainment, plans to further cut its stake in the water theme parks company, according to the San Diego Union-Tribune.

Blackstone, which took SeaWorld public one year ago, seeks to reduce its stake to 25 percent from 43 percent, according to a prospectus filed Monday. In December, Blackstone owned 63 percent of the company, when it sold 18 million shares.

SeaWorld earlier this month reported record attendance, but continues to face pressure from people who have seen the documentary "Blackfish." The film is critical of the park's treatment of its animals, and has inspired a California lawmaker to seek a ban on the use of killer whales for entertainment shows. For its part, SeaWorld is running a campaign that characterizes the film as propaganda, not a documentary.

Read the full story at the San Diego Union-Tribune.

Follow Road Warrior on Twitter at @CNBCtravel.



  • Delta private jet

    Delta Air Lines will soon begin offering a new upgrade option to select fliers, a seat on a private jet.

  • Hot luxury hotel trends

    Herve Humler, Ritz-Carlton COO, discusses Ritz-Carlton topping JD Power guest satisfaction list, and weighs in on the building boom in luxury hotels. Humler also comments on the pulse of luxury spending in China.

  • The business of luxury cruises

    Edie Rodriguez, CEO of Crystal Cruises, discusses the demand for luxury cruises and which nationalities are getting on board.

U.S. News