Robert F.X. Sillerman , the former chief executive officer of CKX Inc. , said he is preparing a cash offer of $5.50 to $5.75 a share for a controlling stake in the owner of the “American Idol” television show.
Robert F.X. Sillerman, chief executive officer of CKX Inc. and owner of the “American Idol” brand, was sued by an investor in a failed development on the Las Vegas Strip who accused him of “self dealing.” William Huff’s Huff Alternative Fund LP, the second-largest investor in Sillerman’s FX Real Estate and Entertainment Inc., filed the lawsuit yesterday in New York State Supreme Court in Manhattan against both Sillerman and FX Real Estate.
The trial of Jerome Kerviel, beginning more than two years after Societe Generale SA accused him of losing 4.9 billion euros ($5.8 billion) on unauthorized market bets, may turn on whether the trader can show the bank knew what he was doing.
CKX Inc. , the owner of “American Idol,” confirmed that it received an acquisition proposal today from an investor group led by Simon Fuller , the founder of 19 Entertainment and creator of the “Idol” TV series.