Morning Thrill Seekers,
At the beginning of the year I reported on Blackstone, the owners of SeaWorld Parks & Entertainment, filing for their intention to go public.
Over the weekend Reuters reported that Apollo Global Management had shown early interest in a buyout… but who are Apollo Global Management?
Well, Apollo Global Management are actually the owners of the largest regional theme park in the world, Six Flags and according to sources they are extremely interested in purchasing SeaWorld.
Early reports suggest that any deal for SeaWorld would see the park valued at about $4 billion, this is based on the financials of its publicly listed peers, such as Six Flags and Cedar Fair LP.
From my previous posts regarding a possible SeaWorld IPO its clear that a portion of the proposed funding would be put aside to make the park more competitive against its main rivals, Disney and Universal.
Here at Orlando Attraction Tickets we also find ourselves wondering if perhaps a competitor may look to add the nature based theme park to their own arsenal, could Disney, Universal or Merlin be having a little look?
Whatever happens to SeaWorld in the future, its clear that the Theme Park famous for its Killer Whale shows will have more up its sleeve once a buyer is found.