SAN ANTONIO (KTSA News) — SeaWorld confirmed this week that Schlitterbahn’s parent company has rejected a multi-billion dollar acquisition.
“We confirm that our offer to acquire Cedar Fair was rejected. Unfortunately, we do not see a path to a transaction,” SeaWorld said in a statement to the San Antonio Business Journal on Thursday.
Cedar Fair said on February 1 the company received an “unsolicited, non-binding” offer from SeaWorld that includes the purchase of 17 properties and 11 resorts. The proposal was reportedly worth $3.4 billion.
Cedar Fair purchased Schlitterbahn Waterpark and Resort New Braunfels and Schlitterbahn Waterpark Galveston in 2019 after the 2016 death of a 10-year-old boy died on a new water slide at Schlitterbahn’s Kansas City property, which closed in 2020.