The feud that tore apart the family owners of Australia’s most iconic theme parks and cinemas business has been brought to an end after shareholders voted for a sale of the 66-year old business to private equity firm BGH Capital on Monday.
BGH will pay $3 per share for the storied Village Roadshow, which owns and operates Warner Bros Movie World, Wet ‘n’ Wild, Sea World and a chain of Victoria cinemas, valuing the business' equity at nearly $586 million.
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Max Mason covers insolvency, courts, financial crime, cybercrime and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
