Comcast is planning to expand its media empire further by purchasing The Blackstone Group’s LP half of Universal Orlando resort.
The cable giant already owns NBC Universal and its half of Universal Orlando, and is expected to pay $1 billion to $1.5 billion to own the amusement parks and resorts currently owned by Blackstone, the Philadelphia Business Journal reports.
The buy would add Universal Studios Florida, Universal’s Islands of Adventure, a water park and hotels to Comcast’s ranks.
The Blackstone Group is a publicly traded money-management firm based in New York, and owner of the other half of the complex.
Comcast has until June 12 to buy Blackstone’s half or to allow Blackstone to solicit bids for Universal Orlando.