HomeTheme ParkCedar Fair being bought out

Cedar Fair announced that it is being purchased by an affiliate of Apollo Global Management.  The transaction is worth around 2.4 billion.

Cedar Fair has been struggling with some debt after the purchase of the former Paramount Parks, to the point of selling land near their canadian theme park, so this isn’t a total surprise.  It looks like purchasing the Paramount parks just gave them too much debt for when the economy went south.

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