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Anheuser Busch InBev sells theme parks in $2.3 billion deal

Anheuser Busch InBev sells theme parks in $2.3 billion deal

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Busch Gardens theme park 100709
Guests ride "The Wild Surge" at Busch Gardens Tampa Bay's new Jungala exhibit in Tampa, Fla., in 2006. (AP Photo/Chris O'Meara, File)

NEW YORK -- Anheuser-Busch InBev is selling its theme parks, including SeaWorld and Busch Gardens, to private equity firm Blackstone Group for at least $2.3 billion.

The world's largest brewer has been shedding assets to help pay for its $52 billion buyout of Anheuser-Busch last year.

The two sides confirmed the deal Wednesday, saying Blackstone will pay $2.3 billion in cash on closing. Anheuser-Busch also can get up to $400 million more in returns on Blackstone's initial investment.

Blackstone's other investments include Universal Studios Orlando and Madame Tussauds wax museums.

Anheuser-Busch InBev owns 10 amusement parks, including three SeaWorlds, two Busch Gardens and other parks including Sesame Place and Adventure Island.

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