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SeaWorld is reportedly offering to buy the company that owns several theme parks across the U.S. including Knott's Berry Farm, according to KGTV.
The company, Ohio-based Cedar Fair, confirmed in a statement they received “an unsolicited non-binding proposal from SeaWorld Entertainment, Inc.”
Bloomberg reported on Tuesday, February 1, that SeaWorld offered to purchase Cedar Fair for $3.4 billion.
Cedar Fair currently operates 17 theme parks and water parks, and 11 hotels across the U.S. and Canada. The company's California theme park properties include Knott's Berry Farm/Soak City in Buena Park and California's Great America in Santa Clara.
The company responded to the offer in their statement saying:
"Consistent with its fiduciary duties, and in consultation with its independent legal and financial advisors, the CedarFair Board of Directors will carefully review and consider the proposal to determine the course of action that it believes is in the best interest of the Company and its unitholders. Cedar Fair unitholders do not need to take any action at this time.”
SeaWorld Entertainment's California parks include SeaWorld San Diego and Sesame Place San Diego. According to KGTV, they did not immediately respond to Bloomberg's request for comment on the matter.