"No buyers" for SeaWorld

By at 28 March, 2009, 6:16 pm

“The Media” has been yammering for months about the sale of SeaWorld based on . . . well, based on nothing much. Yeah, in mergers of the sort that recently happened between Anheuser-Busch and InBev various components of the new company tend to get sold off to pay for the debt taken on to finance the merger. And the sale of the theme parks seems a logical thing to happen, especially since InBev has hinted at — repeat, hinted at — doing just that. But there’s no solid evidence as yet. That why all the “SeaWorld to be sold!!!” stories you read are hedged with conditional words like “might” and “could.” Now comes something that might actually have some fact behind it. “Are you

worried the company might sell the park?” WFTV reporter Eric Rasmussen asked a SeaWorld employee. “No, it’s a good company,” the employee said. Other sources told Eyewitness News that SeaWorld managers met with employees on Wednesday, reassuring them the park would not be sold this year, in part because there were no buyers . The emphasis is mine. The same article notes that “profits for Anheuser-Busch InBev are flatter than day-old beer.” But the theme parks, from what I’ve read are consistently profitable. Why unload one of the few profitable parts of your company in a down market? Of course, for all I know, SeaWorld could be sold tomorrow, but I’m not betting on it.

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"No buyers" for SeaWorld

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