Magic Mountain hit with $533M value drop in Six Flags' reassessment

Magic Mountain is worth $533 million less than Six Flags Entertainment Corp. previously thought, part of a broader reassessment that wiped out more than $1.5 billion in value across the company’s portfolio. The write-down was disclosed in the company’s latest financial filing and reflects what accountants call a “goodwill and intangible asset impairment.” “That extra [...]