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A-B InBev No Longer Swims With The Fishes

Gotta love the caption under a picture of a leaping orca in the Post-Dispatch this morning: "Shamu now swims with a big fish on Wall Street." Indeed, the celebrity killer whales at SeaWorld San Diego and 10 other Anheuser-Busch InBev's theme parks -- including two Busch Gardens, two other SeaWorlds and five other attractions --will soon report to managers at the private-equity firm Blackstone Group.

Shedding Busch Entertainment leaves A-B InBev more of a pure-play beer company, writes Jim Gallagher. It is getting $2.3 billion in cash, along with up to $400 million in Blackstone's initial profits from its investment.

The sale does not include Grant's Farm. The Busch Gardens theme parks will keep the Busch name, says Jim Atchison, president of Busch Entertainment, but the Clydesdale horses at the attractions will remain with A-B InBev and be "redeployed" as traveling workhorses promoting the brewer.

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