Oct 5, 2017

Merlin Entertainments shares rise on talk of SeaWorld deal

Shares in the UK-based entertainment giant Merlin are up almost 2% on reports the Madame Tussauds and London Eye owner has held talks to take over parts of US theme park giant SeaWorld. SeaWorld, which is based in Orlando, Florida, specialises in marine parks. Merlin, which also runs Legoland theme parks around the world, is understood to be interested in only buying part of SeaWorld. SeaWorld's shares have lost a quarter of their value this year, hitting an all-time low in August of just over $11. Their all-time high of just short of $40 was reached in 2013, but later that year the company came under fire in a documentary which criticised how it looked after its whales. In August, the company's chief financial officer, Anne-Francoise Nesmes, said: "It takes two parties to do a deal so we do not know what SeaWorld's intentions are but we do believe that those assets are interesting."

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