Thursday, October 08, 2009
Inbev Sells the Theme Parks
No surprise at all today when I read that Inbev will be selling the theme park business that they obtained during the Anheuser Busch acquisition. It was always rather difficult to justify why a beer company should be in the theme park business. The synergies, clearly, were rather limited. The sale also helps Inbev pay down debt from the deal, as they reached an agreement for Blackstone to buy the theme parks unit for $2.7 billion. This divestiture represents a classic example of an acquirer undoing a case of unrelated diversification which had yielded few economies of scope.