A
AALARD
Guest
CKX confirms Fuller 'Idol' offer
LONDON, (UPI) -- An investor group led by "American Idol" creator Simon Fuller has made a buyout offer, "Idol" owner CKX confirms
The British producer originally sold his 19 Entertainment TV production and talent management business to New York City's CKX for about $100 million, The Hollywood Reporter said.
The report said CKX is considering the Fuller offer along with other options.
News of the offer came after CKX shares jumped a third in Nasdag trading Friday, which put the company value at $500 million, the report said.
The Reporter said Fuller is believed to have joined with former Barclays Capital deal-maker Roger Jenkins and the two have put together a $1 billion fund to buy sports and entertainment assets.
The report said it wasn't the first time Fuller had attempted a buyout. Three years ago, he made a $1.3 billion bid for the company. The bid was made in concert with Bob Sillerman, then CKX chairman and chief executive officer, but the deal was derailed by collapsing credit markets.
LONDON, (UPI) -- An investor group led by "American Idol" creator Simon Fuller has made a buyout offer, "Idol" owner CKX confirms
The British producer originally sold his 19 Entertainment TV production and talent management business to New York City's CKX for about $100 million, The Hollywood Reporter said.
The report said CKX is considering the Fuller offer along with other options.
News of the offer came after CKX shares jumped a third in Nasdag trading Friday, which put the company value at $500 million, the report said.
The Reporter said Fuller is believed to have joined with former Barclays Capital deal-maker Roger Jenkins and the two have put together a $1 billion fund to buy sports and entertainment assets.
The report said it wasn't the first time Fuller had attempted a buyout. Three years ago, he made a $1.3 billion bid for the company. The bid was made in concert with Bob Sillerman, then CKX chairman and chief executive officer, but the deal was derailed by collapsing credit markets.
