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00:03A Royal Caribbean is nearing a $3 billion deal to acquire a 50 percent equity stake
00:08in sandals, according to CNBC.
00:11The potential transaction values the Caribbean resort chain at $6 billion.
00:16Talks are ongoing and may not result in a deal.
00:19Royal Caribbean shares fell roughly 6 percent following reports of the negotiations.
00:23The company's stock is down about 25 percent over the past year, after it lowered revenue
00:29growth forecasts amid softer demand for European sailings.
00:32Royal Caribbean has been expanding beyond cruises and building its land-based vacation offerings.
00:38Sandals and its Beaches brand operate more than a dozen Caribbean properties, giving Royal
00:42Caribbean access to all-inclusive resorts.
00:45Royal Caribbean and Sandals did not immediately comment on the potential deal.
00:49For all things money, visit Benzinga.com.
