MoneyLocal Business News

Actions

SeaWorld's bid for Kings Island owner Cedar Fair rejected

SeaWorld says there is 'path to a transaction'
Kings Island.jpg
Posted at 11:01 PM, Feb 01, 2022

SANDUSKY, Ohio — SeaWorld Entertainment's offer to take over Cedar Fair Entertainment, one of the nation’s biggest amusement park operators, has been rejected.

Cedar Fair, based in Sandusky, said it was reviewing the unsolicited bid in early February. Details of the offer were not released. However, SeaWorld said in a statement "we do not see a path to a transaction."

SeaWorld, based in Orlando, operates a dozen SeaWorld, Busch Gardens and Sesame Place parks, primarily in the southern U.S.

Cedar Fair’s 15 amusement and water parks from coast to coast include Cedar Point and Kings Island in Ohio, Knott’s Berry Farm near Los Angeles, Canada’s Wonderland outside Toronto, and Carowinds near Charlotte, North Carolina. It also has several hotels and campgrounds at its parks.

READ MORE
Teens banned from Kings Island for disturbance they say they had no part in
Kings Island wants guests to leave their cash at home, switching card or internet-based payments