Royal Caribbean falls on reported $3 billion push into Sandals resorts

Royal Caribbean Group (RCL) is nearing a roughly $3 billion deal for a 50% stake in Sandals Resorts, valuing the all-inclusive Caribbean chain at $6 billion. The move pushes the cruise line onto land, spanning 20 resorts. Investors, wary of the price tag and integration risk, sent shares down about 6%.