ORLANDO, Fla. — SeaWorld’s bid to acquire Ohio-based amusement park operator Cedar Fair has been rejected.
What You Need To Know
- Cedar Fair has rejected a takeover bid from SeaWorld
- SeaWorld offered to buy the amusement park operator for a reported $3.4 billion
- Ohio-based Cedar Fair owns Cedar Point, Knott's Berry Fair, and several other parks
SeaWorld, which is based in Orlando, released a statement late Tuesday saying its offer was turned down.
“In response to inquiries from various stakeholders, we confirm that our offer to acquire Cedar Fair was rejected,” the statement said. “Unfortunately, we do not see a path to a transaction.”
Cedar Fair, which owns Cedar Point, Knott’s Berry Farm and several other parks, announced earlier this month that it had received an unsolicited offer from SeaWorld.
The offer was reportedly worth $3.4 billion.
Cedar Fair previously rejected a $4 billion bid from Six Flags in 2019.
SeaWorld owns and operates 12 theme parks and water parks across the country, including SeaWorld Orlando and Busch Gardens Tampa Bay.
Ashley Carter - Digital Journalist
Ashley Carter is a digital journalist who covers the fast-paced and ever-changing world of Florida theme parks and attractions. She joined Spectrum News 13 in 2013 and produced around-the-clock news coverage — first on TV and then for the station’s digital platforms.
