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Parques Reunidos hires advisors for possible Busch Ent. acquisition

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Posted August 11, 2008, 1:24P | Contributed by Jeff

The owner of Parques Reunidos, one of Europe’s leading theme-park operators, has hired investment bankers to advise on a possible $4.5 billion (£2.3 billion) bid for the American company behind Sea World and Busch Gardens.

Read more from The Times (UK).

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August 12, 2008, 7:39P

I liked Agent Johnsons remark:

"I know that Disney is king, but they are in their own little realm."

Because it reminds me of when we visit a friend of mine who is a "Suit" at WDW and he and My Wife get into the "my park is better than your park" rants. He always ends with.

"Disney has no competition.. Seriously"

The sad thing is.. He's right.. In visitor numbers and revenue.. They truly dont.. Course it doesn't stop them from going at it again during our next visits..

Thanks for that amusing reminder A.J.

August 22, 2008, 9:08A

Since PR seems intent to own the parks and not run them, is it possible they'd buy the Busch properties and hire the Busch family to run them? I see that being a win-win situation for pretty much everyone involved. I'm sure the people running the Kennywood parks draw more than just a salary- they must have income based on performance, right?
August 22, 2008, 10:11A

Seems to me that would be the best possible outcome. Keep the people who know the business and are good at operating it, while supporting them with enlightened backing.
August 22, 2008, 10:32A

I like that business plan more than what seems to be the most popular one in recent times, which is to hire an ex-Six Flags exec. Seems there are hundreds of them floating around the industry, which must be saying something.
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