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Tussauds Group

Tussauds Group is to be acquired by Merlin Entertainments for £1.03bn, creating a combined group of leisure attractions and theme parks with 13,000 staff in 12 countries.

Tussauds Group has agreed a deal with IntercontinentalHotels Group to set up a £15m four-star Holiday Inn hotel next to Chessington World of Adventures in Surrey.

Tussauds Group has taken complete control of the London Eye with the acquisition of the remaining 33% stake, and £50m will now be invested at the visitor attraction with the creation of 100 jobs.