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June 02, 2005

Investment bankers like to play with their Legos

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Posted by Dominic Basulto

According to the print version of The Wall Street Journal, toy maker Lego Holding will sell its Legoland theme park business to New York-based private equity firm Blackstone Group for a cool $468 million. The Lego Group, though, is denying these rumors that a sale has already been made: "Our negotiations continue to be with several interested potential investors, and we can therefore deny media speculation that a deal has been reached."

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