It opened in 1870 and is considered the second-oldest operating amusement park in the US behind Lake Compounce. Cedar Point, which is owned and operated by Cedar Fair, is the flagship of the company's amusement park chain.
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SANDUSKY, Ohio — Sandusky-based Cedar Fair, the parent company of Cedar Point and 10 other amusement parks, has rejected a $4 billion offer from Six Flags, according to Reuters. The news comes two days after Reuters reported that Six Flags was pursuing a purchase of amusement-park rival Cedar Fair.
Cedar Fair Entertainment Co. has declined its purchase offer, SeaWorld Entertainment Inc. said in a statement. In response to inquiries from various stakeholders, we confirm that our offer to acquire Cedar Fair was rejected.
The company's history dates back to when Cedar Point opened as a recreational area in 1870. Cedar Fair has acquired many parks, including Knott's Berry Farm in 1997 and all five Paramount Parks in 2006.
Since then, Cedar Point has been called the roller coaster capital of the world. They created the first amusement park to have a ride that goes over 200 feet tall, that's Magnum xl-200. And it was the first park to have a ride over 300 feet tall when they opened the Millennium Force.