I'm surprised this hasn't been posted yet (that I can see, but maybe I missed it!).

There were rumors going around on the weekend that Apollo Global Management, who is trying to buy Cedar Fair, is also interested in purchasing Six Flags out of bankruptcy and merging the two companies.

Report: Cedar Fair buyer also wants Six Flags

Six Flags Creditors See Signs of Merger with Cedar Fair

This could be.. interesting, to say the least, should it come to pass.

yes was posted in one of the other Bankruptcy forums
but looks fine to have its own topic.

May be good or bad
Bad:
in that less competition, less new rides,may close parks if near each other etc.

Good:
Maybe a all in one pass  (I would love this)

Private equity companies are not in the business of buying other companies and allowing management to continue to do what it has done when it has resulted in major debt problems (see Cedar Fair).

That is not going to happen.

Dream on.  Should Apollo acquire Cedar Fair (or Six Flags), it will NOT be a passive investor.  Why should it?