SeaWorld is looking to acquire owner of Knott's Berry Farm and more than a dozen other parks

The offer was first reported Tuesday by, according to unnamed sources familiar with the deal. In addition to theme parks, Ohio-based Cedar Fair also owns and operates nine water parks, as well as more than a dozen lodging properties.

Financial performance was also a bright spot, with third-quarter revenue coming in at $521.2 million, up 10% from 2019. Both before and since the pandemic, SeaWorld’s stock has seen meteoric growth, rising from a low of $11 three years ago to nearly $61 on Tuesday. A merger of the two companies makes sense for SeaWorld, given its move in recent years away from its heavy emphasis on animal attractions to a wider focus on thrill rides and attractions, theme park consultant Dennis Speigel said.Marc Swanson, who had been interim CEO for the last year, becomes the company’s fifth chief executive following years of turmoil within its top leadership

Sounds like they are purchasing the CEO, and carting them off in the trunk of a car.

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SeaWorld Looks to Buy Fellow Theme Park Operator Cedar FairCedar Fair, whose theme parks include Cedar Point in Ohio, Knott’s Berry Farm in California and Schlitterbahn in Texas, said SeaWorld has proposed a deal that would combine two theme park operators Hope this doesn’t happen!! Please don't.
Source: WSJ - 🏆 98. / 63 Read more »

Cedar Fair Stock Jumps 10%, Is Halted After Report of SeaWorld Takeover BidShares of Cedar Fair spiked nearly 10% after a report said SeaWorld Entertainment had offered to buy out the company for around $3.4 billion.
Source: nbcchicago - 🏆 545. / 51 Read more »