Six Flags and Cedar Fair Merge , to Create Theme Park Giant.<br />The two companies have decided to merge in an all-stock deal, resulting in "an $8 billion parks giant," according to 'The Hollywood Reporter.'.<br />The new company will have "27 theme parks, <br />15 water parks, 9 hotels and resorts" throughout <br />North America, according to 'The Hollywood Reporter.'.<br />The new company will have "27 theme parks, <br />15 water parks, 9 hotels and resorts" throughout <br />North America, according to 'The Hollywood Reporter.'.<br />Safaris, marinas and more are also <br />included in the companies' portfolios.<br />According to the companies, combining their <br />licensed IP portfolios will aid in developing <br />"engaging new attractions.".<br />Six Flags holds rights to <br />'Looney Tunes' and DC Comics characters.<br />Six Flags holds rights to <br />'Looney Tunes' and DC Comics characters.<br />Cedar Fair holds rights to 'Peanuts' characters.<br />The merger comes as other companies, like NBCUniversal and Disney, expand their theme park businesses, according to 'The Hollywood Reporter.'.<br />The merger comes as other companies, like NBCUniversal and Disney, expand their theme park businesses, according to 'The Hollywood Reporter.'.<br />Disney has committed $60 billion to growing its theme parks, while Universal is building new attractions in Texas and Las Vegas.<br />Disney has committed $60 billion to growing its theme parks, while Universal is building new attractions in Texas and Las Vegas.<br />The new Six Flags-Cedar Fair company <br />will do business under Six Flags' name.<br />Its trading ticker symbol will be FUN
