Six Flags has announced that it has decided not to acquire full ownership of Six Flags Over Texas in Arlington.
The company said it will not exercise a contractual call option to acquire the remaining partner interests in Six Flags Over Texas.
Under the terms of the existing agreement, Six Flags was required to notify the partnership by 31 December 2025 of its intent to exercise the option, which would have resulted in a payment due in January 2028.
"After careful consideration of the terms of the partnership agreement and the strategic objectives of the company, we have determined not to exercise the call option with respect to Six Flags Over Texas," said John Reilly, president and CEO of Six Flags.
"This was a difficult and deliberate decision. Six Flags Over Texas is a foundational park in our system and a prized asset within our portfolio.
"While the contractual terms do not currently align with our capital allocation priorities, we remain deeply committed to the long‑term success of the park and believe it has a bright future as part of the Six Flags portfolio.”
Six Flags to operate and manage park
Six Flags will continue to operate and manage Six Flags Over Texas in accordance with the existing partnership agreement.
Reilly added, “We will maintain constructive discussions with our partners regarding our continued interest in Six Flags Over Texas.
"In the meantime, our focus remains on driving operational excellence in the park for the benefit of our guests and the Dallas-Fort Worth Metroplex."
Before merging with Cedar Fair in July 2024, the former Six Flags company had negotiated call options to acquire full ownership of Six Flags Over Texas and Six Flags Over Georgia.
The new Six Flags company exercised its call option for Six Flags Over Georgia in December 2024.
In more news, the first Six Flags theme park outside of North America has opened in Saudi Arabia. Six Flags Qiddiya City is home to the world's longest, fastest and tallest roller coaster.
Images courtesy of Six Flags
