Amusement Park Giants Six Flags and Cedar Fair Announce Merger

Amusement park corporation Six Flags is merging with rival Cedar Fair in an $8 billion deal, creating a combined entity that will operate 27 amusement parks, 15 water parks, and nine resort properties in North America. The merger is expected to generate over $3 billion in revenue. The move comes after years of financial challenges for Six Flags, including a plunge in share value in 2020 due to defaulted payments for planned projects in China.