The coaster itself is a good ride, problem right now is a sub-par themingI wonder, should Universal buy the park, if it could be fixed to actually be a properly themed coaster or if the type of coaster they chose would limit them.
The coaster itself is a good ride, problem right now is a sub-par themingI wonder, should Universal buy the park, if it could be fixed to actually be a properly themed coaster or if the type of coaster they chose would limit them.
Right now the owners of PortAventura are two investment funds, Investindustrial (Italian - 50.1% of the shares) and KKR (American - 49.9% of the shares). Investindustrial manage the park since 2013. These companies seek to increase the value of the companies they buy to sell them at a higher price according to package investment cycles. PortAventura's investment package is over and in 2024 they have to increase capital. They are two companies that by their nature are looking to sell the park, they are not theme park managers, and the latest movements suggest that they are in full search of a buyer.
He commented that the 2023 season would be one of transition and improvement and tuning thing.
Maybe I just don’t know how businesses work, but I feel that you cannot secretly acquire another company without informing Comcast investors and shareholders. A sale must be approved by some parties, no?It is known in the park that Universal has already purchased the park.
Same.Then I'll still be here--not believing it until I see actual, concrete proof.
I did not mean literally purchased, there is intent to buy and an agreement.Maybe I just don’t know how businesses work, but I feel that you cannot secretly acquire another company without informing Comcast investors and shareholders. A sale must be approved by some parties, no?
Even if there is intent to buy, I feel it’s dangerous to claim a sale has been made before informing investors. But again, I’m no expert.
I have no clue about how those things work, but from what I gather after a quick google search:Maybe I just don’t know how businesses work, but I feel that you cannot secretly acquire another company without informing Comcast investors and shareholders. A sale must be approved by some parties, no?
Even if there is intent to buy, I feel it’s dangerous to claim a sale has been made before informing investors. But again, I’m no expert.
Same.
If the rumors of the new COO coming from DLP are true, they say he will start in november working in PortAventura, at that point it will be impossible to keep the secretNew article this morning from one of the leading financial digital newspapers in Spain. One month after the news of the sale from another economic digital newspaper. It confirms JP Morgan as the manager of the sale and Universal as the main candidate. It gives a new name, the owners of Caesars casinos.
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https://www.eleconomista.es/capital...n-a-jp-morgan-para-vender-port-aventura-.html
It also confirms that the sale is "mainly aimed at industrial and entertainment groups, rather than private equity funds" .
My theory is that this is information leaked from the park to prepare the ground and communicate the news of the sale in November or December.
A sale has not happened.I still don't understand, has a sale already occurred or are they still shopping themselves out?
The sale has not yet happened but inside sources say they have reached an agreement after a year of negotiation. The Spanish financial press also points to Universal as a leading candidate to buy the resort. Even this week several people from Universal have allegedly been seen testing attractions at the park.I still don't understand, has a sale already occurred or are they still shopping themselves out?
This is not true, none of it is,,inside sources say they have reached an agreement after a year of negotiation
This is where I’m at. With the Frisco and Vegas small park concepts announced, it’s becoming clear that the Parks division has some new ideas for branching out into new markets, and they don’t need to buy out an existing park to do so.Europe is the obvious next destination for Universal, but I still have my concerns over just slapping the Universal name on Port Aventura again.
It’s not that I have my doubts, I have my sources.I understand that you may have doubts, I am not 100% convinced either, but I do not understand the 0 reliability you are giving to something published by the spanish economic media. Is it only reliable if the New York Times or an american source says so?
I have exposed you the rumors that are commented internally, info provided from the workers and regular Port Aventura insiders. You seem sure about this not happening. I will stop bringing you the local information because I feel it's not appreciate at all.
Check your sources again, it is happening.It’s not that I have my doubts, I have my sources.
I was not surprised by the Vegas and Texas announcements. But I would be by this, because as far as I’ve heard, Universal isn’t buying it.
Things could always change, especially as the park is shopping around for a buyer now, but Comcast hasn’t bought it yet, and I haven’t heard they will.
They may be the obvious front runner to buy it according to the press, but so was Merlin to purchase SeaWorld parks a few years ago, and that didn’t happen either. Just because the press, U.S. American or otherwise, says a company may be the clear choice to buy a park, doesn’t mean they will.
The press has also said Apple will buy Disney. Now they say Universal will buy Warner Bros. And so on. They say lots of things to get clicks. And sometimes they’re right, eventually. But not all times.