Simon Fuller , the founder of 19 Entertainment and creator of the “Idol” TV series, is planning a $600 million bid for CKX Inc. , according to a person with knowledge of the situation. CKX jumped the most in three years.
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.
CKX Inc. , the owner of TV’s “American Idol,” was sued by a shareholder demanding its directors seek competing bids after a group led by the show’s creator, Simon Fuller , made a $600 million takeover offer.
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.
EMI, the music company that housed The Beatles until it was split up and sold last year, goes on the auction block again this week as new owner Universal Music Group divests some assets to meet antitrust requirements.