Blackstone Group

Blackstone-Owned SeaWorld Readies IPO

The theme park operator is going public, probably launching its IPO this month. SeaWorld will offer 20 million shares, expecting to price them between $24-27 apiece.

CBS Seeks Stake in TV Guide Network

A bidding war for Dell has broken out, pitting founder Michael Dell's plan against offers by Carl Icahn and Blackstone group. And CBS looks to buy half of TV Guide Network.

5 Winners and Losers of the Week in Business

As we come down to the wire for 2012, the pace of business blunders hasn't slowed. From an ill-timed streaming video outage to the ultimate dot-com oversight, here's our rundown of the most boneheaded episodes -- and a few brilliant moves -- from this week in the world of business.

SeaWorld Files to Go Public with $100 Million IPO

SeaWorld's owner, Blackstone Group LP, will likely sell some of its stake in the deal. But the private equity firm will still own a majority of the voting power of the company's shares after the IPO, the company said in a filing with the Securities and Exchange Commission.

Seneca Blasts Carl Icahn's Bid for Dynegy

Last week, power-plant operator Dynegy agreed to be acquired by top shareholder Icahn Enterprises for about $665 million. But Dynegy's second-largest shareholder, hedge fund Seneca Capital, rejected the bid, calling it "the wrong price at the wrong time for the wrong reasons."

Icahn Enterprises to Buy Dynegy for $665 million

Power plant operator Dynegy has agreed to be acquired by Icahn Enterprises for $5.50 per share in cash, or about $665 million. Dynegy has about $3.95 billion of outstanding debt, net of cash. The agreement follows a recent failed bid from private equity giant The Blackstone Group.

Dynergy Rejects $603 Million Takeover Bid from Blackstone

Shares of energy company Dynergy fell after its shareholders rejected a $603 million takeover bid from an affiliate of The Blackstone Group, a private-equity firm. Will investors Carl Icahn or Seneca Capital bid for the Houston company?

Blackstone Earnings: Profits Rise, but Buyouts Fall

The recent stock market correction has been brutal for The Blackstone Group. Since mid-April, the firm's shares have gone from $15.25 to $10.58. On Thursday, though, Blackstone reported $205 million in profits for the second quarter, and shares were up around 4% late in the day.

KKR's Founders Made Only $22 Million in 2009

As private-equity giant KKR moves at last toward completing its own IPO, it is opening up its internal finances to the SEC. One of the more interesting items: How little its two billionaire founders, cousins Henry Kravis and George Roberts, earned from the business last year.

Markets Hammer Tenet over Healthscope Talks

A new suitor may be entering the bidding war for Healthscope, the second-largest private hospital chain in Australia: Tenet Healthcare. But the market's response to word of the negotiations has been decidedly negative.