Economy

Merlin said to have approached SeaWorld over possible deal

Merlin said to have approached SeaWorld over possible deal”

SeaWorld Entertainment Inc (NYSE:SEA) saw its shares jump 6% in pre-market NY trading after press reports said UK-listed theme parks operator Merlin Entertainments PLC (LON:MERL) has approached the marine park operator about a potential deal.

Merlin, which runs Legoland parks worldwide and owns Madame Tussauds, has made a bid for part of SeaWorld, but SeaWorld's preference is to sell itself whole, the source said.

According to the TEA/AECOM Theme Index, Merlin Entertainments is the world's second-largest theme park company by attendance, following Disney. SeaWorld owns six theme parks: the three SeaWorld parks, in Orlando, San Antonio, and San Diego, the two Busch Gardens parks in Williamsburg, Va. and Tampa, and the Sesame Place park outside of Philadelphia.

SeaWorld is already working with bankers on a possible sale and Merlin is not the only possible buyer to approach the company, Bloomberg said.

Bloomberg said representatives for both Merlin and SeaWorld declined to comment.

SeaWorld shares rose 4.7 percent in regular trading, to $14.11 - and increased to $14.80 after hours - but investors hoping for a further pop may be disappointed.



Like this

Latest


05 October 2017
Black tea may help you shed extra kilos
Of the four sets, two were allowed to consume green tea or black tea extracts along with a high - fat, high - sugar diet. Drinking black tea may promote weight loss and speed up your metabolism, a new study claims, reported The Independent .

05 October 2017
Amazon launches Alexa, Echo smart devices in India
AirPlay 2 hasn't hit the market in any speaker yet, however, and Sonos only says support is coming next year. Voice capture technology with echo cancelation allows the speaker to still hear you over the music.

05 October 2017
Jose Mourinho's town names road after him
In gratitude for his services to football, the Manchester United manager now has a street named after him in his hometown of Setubal.

05 October 2017
Xerox Corporation (XRX) Receives $35.63 Consensus Price Target from Brokerages
Xerox Corporation (NYSE:XRX) shares were trading lower by -0.73 percent ($-0.24) at $32.86 a piece in Wednesday's session. It dived, as 71 investors sold MS shares while 297 reduced holdings. 63 funds opened positions while 155 raised stakes.

05 October 2017
Was IS claim for Las Vegas attack 'fake news'?
If true, Paddock would be the oldest American Isis recruit by almost a decade, and its members are typically young, non-white men. Islamic State places critical importance on issuing claims of responsibility that are accurate and stand up to scrutiny.

05 October 2017
Amazon launches Alexa and Echo devices in India
Amazon said that in India, Alexa through Echo speakers will tell users news , play their music as well as answer their queries. This means you can play any sound from an iOS device-think podcasts, Youtube videos, and Netflix content-on Sonos speakers.

05 October 2017
Sonos announces the Sonos One, a self-contained, Alexa-connected speaker
Sonos has previously announced plans for Alexa control and integration, but today the company has gone one better. Users no longer need to remember the specific name of a smart device or group of smart devices to control them.

05 October 2017
Amazon starts selling Echo in Asia, starting with India
You can use voice commands such as Alexa Stop, Alexa Next, Alexa Previous and Alexa Shuffle to control the music player. Unfortunately, you won't be able to pair the Sonos One with an older Play One speaker that you may have laying around.

05 October 2017
Sonos unveils smart speaker with support for multiple voice services
This simple set-up works with a variety of ZigBee products from leading brands such as Philips Hue, GE, Kwikset, and more. If the person you're calling has Alexa-to-Alexa calling, it will default to the Echo device or Alexa-enabled device .

05 October 2017
Amazon launches Alexa and Echo devices in India
Amazon said that in India, Alexa through Echo speakers will tell users news , play their music as well as answer their queries. This means you can play any sound from an iOS device-think podcasts, Youtube videos, and Netflix content-on Sonos speakers.



Recommended