Travis Kelce Invests in Six Flags
Travis Kelce, the Kansas City Chiefs tight end, is teaming up with activist investors to transform Six Flags, the embattled theme park operator.
Kelce, alongside two corporate executives, has partnered with JANA Partners to purchase a combined stake of about 9% of Six Flags' shares, making them one of its largest shareholders.
"Couldn't pass up the opportunity to continue the tradition and make Cedar Point and Six Flags even more special for the next generation of families!"
JANA Partners is an activist investment firm that buys a substantial stake in a company's equity to push for changes, both operational and managerial, to benefit the company.
Kelce's investment has sparked jokes and hopes, with some speculating about the possibility of a Taylor Swift-themed rollercoaster.
Author's summary: Travis Kelce invests in Six Flags with activist investors.
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