| |
| | Indiantelevision.com > News Headlines > Sillerman's CKX acquires 'American Idol' owner for $ 161 million (Site not responding. Last check: ) |
 | | This transaction follows CKX's recent acquisition of a controlling interest in Elvis Presley Enterprises, which owns and controls the commercial utilisation of the name, image and likeness of Presley, the operation of the Graceland museum and related attractions, as well as revenue derived from Presley's, television specials, films and certain of his music. |
 | | CKX acquired 19 Entertainment from its shareholders, including Fuller, for total consideration consisting of $124.4 million in cash and 1,870,558 shares of CKX common stock, each paid at closing, and an additional $36.9 million in either cash or stock to be paid following delivery of audited results for the fiscal year ended 30 June, 2005. |
 | | CKX is engaged in the ownership, development and commercial utilisation of entertainment content. |
| www.indiantelevision.com /headlines/y2k5/mar/mar171.htm (577 words) |
|