Tags: US | American | Idol | Buyout | Bid

Investors Offer to Buy Owner of 'American Idol'

Friday, 28 May 2010 01:23 PM

A group of investors led by British media mogul Simon Fuller is offering to buy CKX, the owner of the "American Idol" reality TV show.

Fuller created the "Idol" franchise but sold his company to CKX Inc. in 2005.

CKX says it is evaluating the proposal and other strategic alternatives, but did say how much Fuller's group is offering to pay. The company also owns the rights to the name, image and likeness of Elvis Presley and Muhammad Ali.

Fuller's bid comes after a seven-year run for "American Idol," which said goodbye to its famously caustic judge Simon Cowell on Wednesday.

While "Idol" remains the nation's favorite show, it has seen audience erosion this season.

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A group of investors led by British media mogul Simon Fuller is offering to buy CKX, the owner of the American Idol reality TV show.Fuller created the Idol franchise but sold his company to CKX Inc. in 2005.CKX says it is evaluating the proposal and other strategic...
US,American,Idol,Buyout,Bid
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2010-23-28
Friday, 28 May 2010 01:23 PM
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