Madame Tussauds owner Merlin to be bought by Lego family and Blackstone

Britain’s Merlin Entertainments is the owner of popular tourist attractions Madame Tussauds and the London Eye. (AFP)
Updated 28 June 2019
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Madame Tussauds owner Merlin to be bought by Lego family and Blackstone

Madame Tussauds owner Merlin said on Friday it had agreed to be acquired by the investment vehicle of Lego’s founding family and private equity firm Blackstone Group LP in a deal valuing the company and its debt at nearly $7.6 billion (£6 billion).

The deal to buy Merlin Entertainments, which also operates Legoland theme parks around the world, values Merlin shares at 455 pence each, giving the firm an enterprise value of £5.905 billion.

The move will be one of the biggest private equity deals in Europe in recent years, and comes as buyout firms are flush with record amounts of cash to invest.

Merlin will be 50 percent owned by Kirkbi, the private investment company of Lego’s Kirk Kristiansen family, and 50 percent owned by Blackstone and Canadian pension fund CPPIB.

“Following an unsolicited approach by a consortium of investors, and after rejecting a number of their proposals, the Merlin Independent Directors believe this offer represents an opportunity for Merlin shareholders to realize value for their investment in cash at an attractive valuation,” Merlin Chairman John Sunderland said in a statement.

“We are therefore unanimously recommending it to our shareholders.”

The deal is expected to complete in the fourth quarter of 2019.

The deal comes after activist investor ValueAct Capital last month urged Merlin, which also operates Legoland and the Alton Towers theme park in Britain, to take itself private.

In an open letter, ValueAct said at the time that the level of investment needed in the company meant it would be better off returning to private ownership.

A source familiar with the matter said that the initial, unsolicited offer from the consortium valued the firm at 425 pence, and discussions about a takeover predated the ValueAct letter.


Arts festival’s decision to exclude Palestinian author spurs boycott

Randa Abdel Fattah. (Photo/Wikipedia)
Updated 12 January 2026
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Arts festival’s decision to exclude Palestinian author spurs boycott

  • A Macquarie University academic who researches Islamophobia and Palestine, Abdel-Fattah responded saying it was “a blatant and shameless act of anti-Palestinian racism and censorship,” with her lawyers issuing a letter to the festival

SYDENY: A top Australian arts festival has seen ​the withdrawal of dozens of writers in a backlash against its decision to bar an Australian Palestinian author after the Bondi Beach mass shooting, as moves to curb antisemitism spur free speech concerns.
The shooting which killed 15 people at a Jewish Hanukkah celebration at Sydney’s Bondi Beach on Dec. 14 sparked nationwide calls to tackle antisemitism. Police say the alleged gunmen were inspired by Daesh.
The Adelaide Festival board said last Thursday it would disinvite Randa ‌Abdel-Fattah from February’s ‌Writers Week in the state of South Australia because “it ‌would not ​be ‌culturally sensitive to continue to program her at this unprecedented time so soon after Bondi.”

FASTFACTS

• Abdel-Fattah responded, saying it was ‘a blatant and shameless act of anti-Palestinian racism and censorship.’

• Around 50 authors have since withdrawn from the festival in protest, leaving it in doubt, local media reported.

A Macquarie University academic who researches Islamophobia and Palestine, Abdel-Fattah responded saying it was “a blatant and shameless act of anti-Palestinian racism and censorship,” with her lawyers issuing a letter to the festival.
Around 50 authors have since withdrawn from the festival in protest, leaving it in doubt, local media reported.
Among the boycotting authors, Kathy Lette wrote on social media the decision to bar Abdel-Fattah “sends a divisive and plainly discriminatory message that platforming Australian Palestinians is ‘culturally insensitive.'”
The Adelaide Festival ‌said in a statement on Monday that three board ‍members and the chairperson had resigned. The ‍festival’s executive director, Julian Hobba, said the arts body was “navigating a complex moment.”

 a complex and ‍unprecedented moment” after the “significant community response” to the board decision.
In the days after the Bondi Beach attack, Jewish community groups and the Israeli government criticized Prime Minister Anthony Albanese for failing to act on a rise in antisemitic attacks and criticized protest marches against Israel’s war in ​Gaza held since 2023.
Albanese said last week a Royal Commission will consider the events of the shooting as well as antisemitism and ⁠social cohesion in Australia. Albanese said on Monday he would recall parliament next week to pass tougher hate speech laws.
On Monday, New South Wales state premier Chris Minns announced new rules that would allow local councils to cut off power and water to illegally operating prayer halls.
Minns said the new rules were prompted by the difficulty in closing a prayer hall in Sydney linked to a cleric found by a court to have made statements intimidating Jewish Australians.
The mayor of the western Sydney suburb of Fairfield said the rules were ill-considered and councils should not be responsible for determining hate speech.
“Freedom ‌of speech is something that should always be allowed, as long as it is done in a peaceful way,” Mayor Frank Carbone told Reuters.