WHAT IS GOING ON..??? https://t.co/M8APoXeDB4
News SeaWorld Makes $3.4 Billion Takeover Bid for Cedar Fair
- Thread starter DuelingGwazi03
- Start date
This WAS NOT on my bingo card. What the actual fuck.
For anyone who can't see the link:
For anyone who can't see the link:
Guaranteed bankruptcy. SEAS couldn’t even pay their vendors last year. This would have to be highly leveraged and guaranteed financial failure. You think SEAS parks now are run by budget cuts? Just wait!
Uhhh…? Seas has been doing EXTREMELY well?
Is it SEAS turn? Wasn't it Six Flags a couple years ago? I'm waiting for 2025, when Dick Knoebel offers to buy them too.
Alright, let's put two and two together here. Pretty sure I saw a job posting last week for a VP of Hotels/Hospitality position being created by SEAS.... just saying
This could work everywhere except Virginia… where it causes a Geauga Lake situation.
Wow this would be a massive deal. While I've moved to a new area (Cedar Point is my home park so still affected by this), I have to wonder what will happen with the Kings Dominion/BGW dynamic were this to go through. Those are easily the 2 closest parks in the deal (besides Sesame Place and Dorney but those are certainly not in the same ballpark). and very much drawing from the same markets, even if BGW has a wider footprint it's drawing from.
On another note, SEAS def would need to bring over Cedar Fair's resorts people, and I would hope they continue to make those investments as they will pay massive dividends in the future if this were to go through.
On another note, SEAS def would need to bring over Cedar Fair's resorts people, and I would hope they continue to make those investments as they will pay massive dividends in the future if this were to go through.
Wow, not what I expected to see today. Bonkers.
This is not true. SEAS paid their vendors in 2021. In 2020 when the shut down occurred they (like a lot of other businesses) froze all non essential payments to vendors as a precaution because there was no way to know exactly how long they would be closed. Once they reopened they began the process of paying their vendors.
This is Disney and Fox level of it were to happen. Idk what to think
But we could have Seaworld IP Characters at Cedar Fair parks!
Imagine Shamu on Intimidator 305!
Nostromos showing up in Boo Blasters!
The Disaster Transport reboot staring Miles O'Sky!!
Truly endless possibilities.
Imagine Shamu on Intimidator 305!
Nostromos showing up in Boo Blasters!
The Disaster Transport reboot staring Miles O'Sky!!
Truly endless possibilities.
The Bloomberg article has been updated with more details. Nothing super impactful, but I figured I'd highlight the edit.
www.bloomberg.com
SeaWorld Makes $3.4 Billion Takeover Bid for Cedar Fair
SeaWorld Entertainment Inc. has offered to buy amusement park owner Cedar Fair for around $3.4 billion, people with knowledge of the matter said.
www.bloomberg.com
This is an absolutely insane deal. It really is kind of mind blowing. I would assume that we would see BGW and KD working more along the lines of BGT/SWO where they are different parks that work in different market but would sell a combined VA pass.
It does reinforce the point that coming out of the pandemic, SEAS had positioned themselves better than any other theme park operator. CF has been struggling post pandemic when compared to SEAS.
It does reinforce the point that coming out of the pandemic, SEAS had positioned themselves better than any other theme park operator. CF has been struggling post pandemic when compared to SEAS.
A possibility is that instead of a full blown merger SEAS ends up just purchasing some of the properties from CF and allows CF to reduce their footprint.
Not saying it won't happen, but don't forget CF turned down a higher bid ($4 billion, $70 per share) from SF in 2019. Cedar Fair also posted a record quarter in 2021 Q3; the wind is in their sails right now.
I'm curious how much the acquisition of Valley Fair then KI for CF would be a similar comparison to what would happen in VA?
According to H John Hildebrandt's memoir, Always Cedar Point, as well as the much shorter memoir from Dick Kinzel, there was huge concern that buying a park two hours away would hurt CP's bottom line.
In reality, it doesn't seem like either purchase diluted attendance for any of them.
Just when I think I can't be surprised anymore...
