00:00Royal Caribbean is reportedly nearing a deal to acquire a 50% stake in Sandals Resorts for about $3 billion.
00:08The proposed transaction would value the Caribbean Resort Company at roughly $6 billion
00:13and give Royal Caribbean a major position in the all-inclusive vacation market.
00:18Sandals operates more than a dozen properties across the Caribbean under its Sandals and Beaches brands.
00:24The negotiations remain ongoing and could still change or fall apart before an agreement is reached.
