An aerial view of Seabourn Encore cruise ship docked at Bodrum Cruise Port on April 27, 2022, in Mugla, Turkey.
Carnival is in preliminary discussions to sell its Seabourn ultra-luxury cruise brand to the Saudi sovereign wealth fund, people familiar with the situation told CNBC.
Talks between the two parties are still ongoing. A deal of this size would give the Saudis a stronger footprint in the cruise industry, at a time when travel continues to rebound across the Middle East.
It would also give Carnival access to more capital, with shares losing over 40% in the past three months. The price tag for Seabourn wasn't immediately clear.
Carnival said it won't comment on rumor or speculation. The Saudi fund, also known as....
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