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

loading...
loading...

Latest


05 October 2017
Game over: SONOS One will support Alexa, Google Home and…
Amazon said that in India, Alexa through Echo speakers will tell users news, play their music as well as answer their queries. Sonos are designing the speaker for lovers of great sound and promise to deliver a rich sound for any entertainment device .

05 October 2017
Bigg Boss 11 5th October 2017 episode preview: Things to get worse
Sapna asked Jyoti to talk to the housemates with respect and sked people that she will not tolerate her disrespectful behaviour. The production house of the show claimed that Shilpa threw tantrums on the sets of the show and even demanded a pay hike.

05 October 2017
Duke Realty Corporation (DRE) Standout Institutional Ownership of 96.50%
The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. It also demonstrates a stable dividend policy for Duke Realty Corporation connected to the long-run, with viable earnings.

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
Kovind arrives in Djibouti
India has extended a line of credit of United States dollars 49 million to Djibouti, mainly for constructing a cement plant. Prospects of the blue economy and the connect of the Indian Ocean provide huge possibilities to build a sustainable future.

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
Chipotle Mexican Grill's (CMG) "Hold" Rating Reaffirmed at Robert W. Baird
The ratio may be used to provide an idea of the ability of a certain company to pay back its liabilities with assets. Chipotle Mexican Grill (NYSE: CMG ) last posted its quarterly earnings results on Tuesday, July 25th.

05 October 2017
Standalone Google Assistant App now available at Play Store [APK]
You can now install it using the Play Store download link or by downloading the APK file provided at the end of the article. If you go over to the Google Store now, you will see that the store is now in the Bahasa Malaysia language.

05 October 2017
Amazon Echo speakers in UK, Germany and Austria gets Voice Call update
So you can start a song within the Spotify app, change the song using the Sonos app and then ask Alexa what the new song is. The battle between virtual assistants is set to escalate with Amazon launching its Alexa voice assistant in India.

05 October 2017
All Blacks pick best to front Springboks
Tawera Kerr-Barlow will likely make his first appearance of the Rugby Championship, named as back-up to starter Aaron Smith. In the meantime, Matt Todd is the reserve loose forward, with Patrick Tuipulotu again the spare lock.