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SeaWorld Makes $3.4 Billion Takeover Bid for Cedar Fair

Riders fly by on the Millennium Force rollercoaster at Cedar Point Amusement Park in Sandusky, Ohio in 2003. 

Riders fly by on the Millennium Force rollercoaster at Cedar Point Amusement Park in Sandusky, Ohio in 2003. 

Photographer: J.D. Pooley/AP Photo
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SeaWorld Entertainment Inc. has offered to buy amusement park owner Cedar Fair for around $3.4 billion, people with knowledge of the matter said.

SeaWorld made a bid of about $60 per unit in cash for Sandusky, Ohio-based Cedar Fair, according to the people, who asked not to be identified because the information is private. The companies are working with advisers on the proposal, the people said.