Wednesday, June 6, 2007

Six Flags Buying Discovery Kingdom

The Vallejo Times Hearld is reporting that Six Flags Inc. intends on purchasing Six Flags Discovery Kingdom from the city.

The company will pay $52 million to buy out the city's interest in the property, or more depending on current land assessments.

Six Flags spokes-mouth Wendy Goldberg says that Six Flags is "well-positioned and we have the liquidity to do this." I guess not ALL of the cash they got from selling those parks will be going to debt service.

You can read the article from the Vallejo Times Hearld.