Six Flags-Cedar Fair merger won’t force sale of Magic Mountain or Knott’s Berry Farm

  • 📰 mercnews
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

The U.S. Department of Justice approves the merger of the amusement park giants on July 1.

Guests ride the new Wonder Woman Flight of Courage roller coaster at Six Flags Magic Mountain in Valencia, one of two Southern California theme parks that would be owned by the same company under a Knott’s-Six Flags merger. The U.S. Department of Justice won’t force the sale of Southern California rivals Six Flags Magic Mountain or Knott’s Berry Farm in approving the $8 billion merger of the two parent companies into a North American amusement park juggernaut.

The Justice Department could have required the newly combined company to sell off Magic Mountain or Knott’s in order to encourage competition in the Southern California marketplace. Knott’s and Magic Mountain share some fans, but are on opposite sides of the Los Angeles metropolis. Southern California is home to seven theme parks and the local Cedar Fair and Six Flags locations have coexisted and competed in the region for decades.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 88. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cedar Fair sets July 1 merger date with Six Flags, announces new company’s management teamAmong the parks impacted by the merger are Cedar Point and Kings Island in Ohio, both owned by Cedar Fair.
Source: clevelanddotcom - 🏆 301. / 63 Read more »

Six Flags' merger with Cedar Fair to be completed July 1; shares jumpThe new company will operate as Six Flags and be based in Charlotte, N.C. Six Flags now calls Arlington home, while Cedar Fair is in Sandusky, Ohio.
Source: ExpressNews - 🏆 519. / 51 Read more »

Six Flags will move headquarters after Cedar Fair merger closes July 1Six Flags and Cedar Fair will soon be wrapping up its merger on July 1. The new combined company will move Six Flags out of Arlington after four years at its...
Source: dallasnews - 🏆 18. / 71 Read more »

Six Flags-Cedar Fair merger won’t force sale of Magic Mountain or Knott’s Berry FarmThe U.S. Department of Justice approves the merger of the amusement park giants on July 1.
Source: ladailynews - 🏆 332. / 59 Read more »