Tuesday, December 6, 2022

Cedar Fair Receives Business Proposal from SeaWorld Entertainment, Inc.

(Courtesy of Kings Dominion & Soak City)

WILLIAMSBURG — Cedar Fair, L.P., the company known for such amusement parks as Kings Dominion, Carowinds (Charlotte, N.C.), and Cedar Point (Sandusky, Ohio), has acknowledged that it has received an “unsolicited proposal non-binding proposal” from SeaWorld Entertainment, Inc. to purchase the company.

This follows earlier speculative reports that SeaWorld Entertainment made an offer worth around $3.4 billion to purchase Cedar Fair.

According to a press release from Cedar Fair issued on Feb. 1, “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 unitholders do not need to take any action at this time.”

The two companies own the two major amusement parks in the state of Virginia. SeaWorld Entertainment owns Busch Gardens Williamsburg and Water Country USA while Cedar Fair owns Kings Dominion & Soak City.

Listed below is a full list of amusement parks owned by both companies, respectively:

SeaWorld Properties Amusement Parks

  • Busch Gardens Williamsburg and Water Country USA
  • SeaWorld Orlando
  • Discovery Cove Orlando
  • Aquatica Orlando
  • Busch Gardens Tampa Bay
  • Adventure Island Tampa Bay
  • SeaWorld San Antonio
  • Aquatica San Antonio
  • Dicovery Point
  • SeaWorld San Diego and Sesame Place San Diego
  • Sesame Place (near Philadelphia)

Cedar Fair Amusement Parks

  • California’s Great America
  • Canada’s Wonderland
  • Carowinds
  • Cedar Point
  • Dorney Park
  • Kings Dominion & Soak City
  • Kings Island
  • Knott’s Berry Farm
  • Michigan’s Adventure
  • Valleyfair
  • Worlds of Fun Oceans of Fun
  • Cedar Point Shores Waterpark
  • Knott’s Soak City Water Park
  • Schlitterbahn New Braunfels Water Park
  • Schillterbahn Waterpark Galveston

WYDaily has reached out to SeaWorld Entertainment for comment and is still awaiting a response.

Related Articles

MORE FROM AUTHOR