Anheuser-Busch InBev Unloads Theme Parks For $2.3B

UNDATED (AP) -- Anheuser-Busch InBev says it'll sell its theme parks, including its three SeaWorlds and two Busch Gardens across the country.

The Belgium-based world's largest brewer is selling the parks to private equity firm Blackstone Group for at least $2.3 billion. Anheuser-Busch InBev has been shedding assets to help pay for InBev's $52 billion takeover of St. Louis-based Anheuser-Busch last year.

The two sides confirmed the deal Wednesday. New York-based Blackstone will pay $2.3 billion in cash and give Anheuser-Busch InBev the right to up to $400 million of Blackstone's initial returns.

Blackstone's other investments include Universal Studios Orlando and Madame Tussauds wax museums so the theme parks fit into its portfolio.

Among Anheuser-Busch InBev's theme parks is the SeaWorld park in San Antonio.

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