Bill Gates plotting a possible takeover of Six Flags?

Six Flags Shares Up on Gates, Redskins: “Pressure from Microsoft chairman and shareholder Bill Gates over a sagging financial outlook and news that Washington Redskins owner Daniel Snyder has bought nearly 9 percent of Six Flags, Inc. drove the amusement park company’s shares up nearly 25 percent Tuesday.”

Wow. Bill Gates’ private investment company Cascade Investment LLC, which manages and holds his stakes in companies other than his better-known Microsoft and Corbis, already owns 11.5% of the total outstanding stock in amusement parks operator Six Flags, Inc. As the article by Associated Press writer Stephen Manning says, Gates and Washington Redskins owner Dan Snyder own 20.5% of Six Flags.

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