Six Flags Wants to Buy Cedar Fair, Which Owns Cedar Point + Michigan’s Adventure

Cedar Fair, the corporation that owns Cedar Point and Michigan's Adventure has been approached by Six Flags Entertainment Corporation with an offer to merge the two companies.

The reason? Eliminate the competition and raise ticket prices.

According to Reuters, Six Flags is looking to increase the size of its already-large footprint so it can "increase ticketing pricing power."

Details of the offer to merge Cedar Fair with the world's largest regional theme park operator have not been disclosed. Reports indicate that Cedar Fair is considering the offer.