Infinite Acquisitions Partners LLC announced a nonbinding letter of intent (LOI) on November 19, 2024, to acquire Oceaneering Entertainment Systems (OES) from Oceaneering International, Inc. Concurrently, Falcon’s Beyond Global, Inc. announced a nonbinding LOI with Infinite to operate OES.
OES is recognized as an industry leader in developing complex ride and show systems, with over 25 years of experience. Falcon’s Beyond and OES have a history of collaboration on themed entertainment projects globally spanning more than two decades.
If the transactions proceed, Falcon’s Beyond would leverage its expertise to operate OES, including its development and support of trackless ride vehicles and flying theaters. This strategic move is intended to bolster Falcon’s Beyond’s platform as a world-class entertainment provider and potentially employ key OES staff.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.