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When did the Busch family sell Busch Gardens?

In 2009, AB InBev, formed from the purchase of Anheuser-Busch by InBev, sold the amusement parks to the Blackstone Group. Blackstone has kept some of the popular traditions including a stable with Clydesdales; however, the Clydesdales are not affiliated with the beer company.



The Busch family officially ended their direct ownership of the Busch Gardens theme parks in 2009. This occurred as part of a much larger corporate transaction following the 2008 acquisition of Anheuser-Busch by the Belgian-Brazilian brewing giant InBev, creating Anheuser-Busch InBev (AB InBev). Because AB InBev's primary focus was the global beer market and debt reduction, they decided to divest the "non-core" entertainment division, known as Busch Entertainment Corporation. In October 2009, the parks—including Busch Gardens Tampa, Busch Gardens Williamsburg, and SeaWorld—were sold to the private equity firm The Blackstone Group for approximately $2.7 billion. Under Blackstone's ownership, the company was renamed SeaWorld Parks & Entertainment and eventually became a publicly traded company on the New York Stock Exchange in 2013. While the "Busch" name remains on the gates for branding and historical purposes, and the parks still feature the iconic Clydesdales in some locations, the Busch family has not had operational control or ownership of the theme park empire for over 16 years.

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Anheuser-Busch InBev had been seeking a buyer for its theme parks since completing the $52 billion merger of beer giants InBev and Anheuser-Busch last year. Executives have said they want to sell off non-core assets to use the proceeds to pay down debt stemming from the merger.

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The parks were bought in 1989 by Busch Entertainment Corp., the family entertainment division of Anheuser-Busch, which is best known for brewing beer. In 2009, Busch Entertainment was sold to the Blackstone Group and subsequently renamed SeaWorld Entertainment.

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That operation merged with Belgian giant Interbrew in 2004 to create InBev, which then obtained America's largest brewer, St. Louis's Anheuser-Busch, in 2008 in a stunning $52 billion deal. The new AB InBev outdid itself last year by paying $103 billion for rival SABMiller.

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Anheuser-Busch InBev, or AB InBev, is a multinational drinks conglomerate headquartered in Belgium. It's the world's largest beer brewer by both volume and revenue, operating more than 600 beer brands in 150 countries.

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In 2008, after many decades of Busch family ownership, a company called InBev, the largest beer company in the world — owner of some 400 beer brands today — bought the Anheuser-Busch Company in a hostile takeover for a whopping $52 billion, making the surviving Busch family members even wealthier.

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In 2008, A group of Brazilian and Belgian investors led InBev's takeover of Anheuser-Busch, a huge blow for the family. August Busch IV, CEO at the time of the $52 billion bid, was the last of the family to lead the company.

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SeaWorld Entertainment, Inc. owns and operates three SeaWorld locations in San Diego, Orlando and San Antonio, as well as the two Busch Gardens locations in Williamsburg and Tampa. The rights to the Busch Gardens parks were acquired by SeaWorld's ownership group for $2.7 billion in 2009.

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Cedar Fair operates 13 properties, including Kings Dominion in central Virginia. SeaWorld Entertainment has 12 theme parks, including Busch Gardens Williamsburg.

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