Village family feud ends with BGH bid

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.