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SeaWorld makes bid to purchase Cedar Fair

ORLANDO, Fla. — SeaWorld is eyeing purchasing Cedar Fair, a company with amusement parks, water parks and other immersive entertainment locations across North America.

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The Sandusky, Ohio-based company confirmed in a news release Tuesday that it has received an unsolicited, nonbinding proposal from SeaWorld Entertainment, Inc., headquartered in Orlando.

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“Consistent with its fiduciary duties, and in consultation with its independent legal and financial advisors, the Cedar Fair Board of Directors will carefully review and consider the proposal to determine the course of action that it believes is in the best interest of the Company and its unitholders,” Cedar Fair said in the news release.

According to Bloomberg, the takeover bid is estimated to be $3.4 billion.

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Cedar Fair owns and operates 13 properties. Among them are 11 amusement parks, including Cedar Point in Sandusky, billed as “the roller coaster capital of the world,” Kings Island outside Cincinnati and Knott’s Berry Farm in California.

Channel 9 reached out to SeaWorld, but officials declined to comment.

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Adam Poulisse, WFTV.com

Adam Poulisse joined WFTV in November 2019.

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