Lego, the Billund, Denmark-based toymaker that owns the Legoland California theme park, says it expects to sell the Carlsbad venue and its three sister parks in Europe soon.
While the company is still entertaining offers for the parks, it announced plans to finalize a deal this summer.
According to published reports, the family-owned firm had more than doubled its net losses to $328 million in 2004.
When the offer to sell the parks, including locations in Windsor, England, Guenzburg, Germany, and Billund, was made last year, the reason given was to raise money to concentrate on the company’s core business of selling toys.
In recent years Lego diversified away from its core building bricks by investing heavily in such markets as computer games, baby products, camping goods and shoes.
Connie Lewis
