Snyder buying Johnny Rockets chain

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Six Flags and Washington Redskins owner Daniel Snyder said Friday he has agreed to acquire 1950s-style diner chain Johnny Rockets for undisclosed financial terms. Snyder's investment vehicle RedZone Capital Fund II will buy the Lake Forest, Calif.-based firm, which operates more than 200 restaurants in the U.S. Last year, Snyder also agreed to bankroll Tom Cruise's production company. Snyder said in a statement that within five years there could be 1,000 Johnny Rockets locations, including smaller restaurants.
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