Six Flags and Cedar Fair Merge to Create Theme Park Giant

Six Flags and Cedar Fair Merge , to Create Theme Park Giant.

The two companies have decided to merge in an all-stock deal, resulting in "an $8 billion parks giant," according to 'The Hollywood Reporter.'.

The new company will have "27 theme parks, 15 water parks, 9 hotels and resorts" throughout North America, according to 'The Hollywood Reporter.'.

The new company will have "27 theme parks, 15 water parks, 9 hotels and resorts" throughout North America, according to 'The Hollywood Reporter.'.

Safaris, marinas and more are also included in the companies' portfolios.

According to the companies, combining their licensed IP portfolios will aid in developing "engaging new attractions.".

Six Flags holds rights to 'Looney Tunes' and DC Comics characters.

Six Flags holds rights to 'Looney Tunes' and DC Comics characters.

Cedar Fair holds rights to 'Peanuts' characters.

The merger comes as other companies, like NBCUniversal and Disney, expand their theme park businesses, according to 'The Hollywood Reporter.'.

The merger comes as other companies, like NBCUniversal and Disney, expand their theme park businesses, according to 'The Hollywood Reporter.'.

Disney has committed $60 billion to growing its theme parks, while Universal is building new attractions in Texas and Las Vegas.

Disney has committed $60 billion to growing its theme parks, while Universal is building new attractions in Texas and Las Vegas.

The new Six Flags-Cedar Fair company will do business under Six Flags' name.

Its trading ticker symbol will be FUN