![]() ![]() In 1998, Time Warner sold its interests in the Six Flags parks to Premier Parks, of Oklahoma City, which later changed its name to Six Flags Theme Parks, Inc. In 1991, Time Warner Entertainment began managing park operations. Six Flags Entertainment has an option to purchase the remaining 46% in 2028. Over the years, the various companies that managed the park exercised options to purchase interest in the fund. ![]() Six Flags Over Texas Fund, Ltd, a private-equity and asset-management firm, headed by Dallas businessman Jack Knox, bought the park in 1969. The park is managed by the Six Flags Entertainment Corp., which owns a 54% interest of the Texas Limited Partnership that owns the park. The park opened on August 5, 1961, after a year of construction and an initial investment of US$10 million by real estate developer Angus G. ![]() It is the first amusement park in the Six Flags chain, and features themed areas and attractions. Six Flags Over Texas is a 212-acre (86 ha) amusement park, in Arlington, Texas, east of Fort Worth and west of Dallas. ![]()
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