SeaWorld shares have spiked following reports that Merlin Entertainments is considering purchasing the company.
UK-based Merlin is the largest European entertainments company operating in Europe.
SeaWorld is reportedly already working with bankers on a possible sale. According to Bloomberg, Merlin is not the only potential buyer. The company has experienced falling attendance ever since a documentary, ‘Blackfish’, highlighted the potentially harmful effects of keeping orcas in captivity.
After longstanding pressure from conservation organisations around the world, the company halted its orca-breeding programme in 2016.
https://www.bizjournals.com/orlando/news/2017/10/04/merlin-seaworld-deal-rumors-gain-more-steam.html and fyi http://www.businessinsider.com/seaworld-stock-reaction-after-sale-report-2017-10?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheMoneyGame+%28The+Money+Game%29