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.