U.S. News

Blackstone to Buy Tussauds Group for $1.92 Billion


Private equity firm Blackstone said on Monday it was buying Madame Tussauds waxworks owner Tussauds Group for 1 billion pounds ($1.92 billion).

Blackstone-controlled Merlin Entertainment said it would pay Dubai International Capital 1.028 billion pounds in cash and a 20% stake in the combined company.

The deal combines attractions like Madame Tussauds, Britain's Alton Towers and Italy's Gardaland theme parks with the Blackstone-owned London Eye and Legoland.